Canadian housing starts rose by 30 per cent to 278,606 units in April at a seasonally adjusted annual rate (SAAR). Starts were up 15 per cent from the same month last year. Single-detached housing starts increased by 15 per cent from last month at 57,026 units, while multi-family and other starts rose by 35 per cent to 221,582 units (SAAR).

In British Columbia, starts rose by 71 per cent from last month to 53,195 units (SAAR) in all areas of the province. In areas of the province with 10,000 or more residents, single-detached starts decreased by 5 per cent to 3,582 units, while multi-family starts rose by 87 per cent to 47,499 units month-over-month. Starts in the province were 3 per cent below the levels from April 2024. Year-to-date starts are up by 141 per cent in Abbotsford, but down 78 per cent in Nanaimo, 30 per cent in Kelowna, 29 per cent in Victoria, and 25 per cent in Vancouver.

https://mailchi.mp/bcrea/canadian-housing-starts-april-2025

For more information, please contact: Gino Pezzani.