Canadian Housing Starts (May 2022) - June, 2022

Canadian housing starts rose by 21.5k (8.1 per cent) to 287.3k units in May at a seasonally-adjusted annual rate (SAAR). Comparing year-over-year, starts were up from May of 2021 (1.2 per cent). Single-detached housing starts declined 3.1 per cent to 78.9k, while multi-family and others rose 13.1 per cent to 208.4k (SAAR). 

In British Columbia, starts declined 22.7 per cent in May, falling to 40.2k units SAAR in all areas of the province. In areas in the province with 10,000 or more residents, single-detached starts declined 13.8 per cent m/m to 8.1k units while multi-family starts fell 26.1 per cent to 29.6k units. Starts in the province were 13.7 per cent above the levels from May 2021. Starts were down by 6.4k units in Vancouver, 1.2k in Kelowna, and 1.4k in Abbotsford from last month, while rising by just over 100 in Victoria. The 6-month moving average trend rose 0.3 per cent to 42.4k in BC in May. 




Link: https://mailchi.mp/bcrea/canadian-housing-starts-may-2022

For more information, please contact: Gino Pezzani.

Comments:
No comments

Post Your Comment:

The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.