Starting in November 2020, we will be moving our monthly housing starts data and news release from the 6th to 11th business day. This allows us to deliver a complete package of data all at once, rather than releasing preliminary data at an earlier date. October housing starts will be released at 8:15 ET on Tuesday, November 17, 2020.
National Housing Starts Trend
The national trend in housing starts increased for a third consecutive month in August. Higher multi-family starts in Ontario, including Toronto, drove the national increase. We expect national starts to trend lower by the end of 2020 as a result of the negative impact of COVID-19 on economic and housing indicators.
Standalone Seasonally Adjusted Annual Rate (SAAR)
- The standalone monthly SAAR of housing starts for all areas in Canada was 262,396 units in August, an increase of 6.9% from 245,425 units in July.
- The SAAR of urban starts increased by 7.1% in August to 248,154 units.
- Multiple urban starts increased by 9.1% to 201,214 units in August while single-detached urban starts decreased by 1.0% to 46,940 units.