Canadian housing starts fell by 3 per cent to 214,155 units in March at a seasonally adjusted annual rate (SAAR). Starts were down 12 per cent from the same month last year. Single-detached housing starts were unchanged from last month at 49,667 units, while multi-family and other starts dropped by 4 per cent to 164,484 units (SAAR).

In British Columbia, starts rose by 5 per cent from last month to 31,145 units (SAAR) in all areas of the province. In areas of the province with 10,000 or more residents, single-detached starts rose by 3 per cent to 3,866 units, while multi-family starts increased by 6 per cent to 25,302 units month-over-month. Starts in the province were 12 per cent below the levels from March 2024. Year-to-date starts are up by 122 per cent in Abbotsford, while being down by 48 per cent in Nanaimo, 37 per cent in Vancouver, 36 per cent in Kelowna, and 33 per cent in Victoria.

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

For more information, please contact: Gino Pezzani.