Your monthly update on housing starts in Canada is now available.
The national trend in housing starts increased in June. The trend in housing starts was 199,655 units in June 2020, up from 197,063 units in May 2020. This reflects higher multi-family starts in Toronto and Montreal following declines in these centres in recent months from COVID-19 measures. Housing starts continued to decline in most other centres in June, including Vancouver. We expect national starts to trend lower in the near term 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 211,681 units in June, an increase of 8.3% from 195,453 units in May.
- The SAAR of urban starts increased by 8.7% in June to 196,675 units.
- Multiple urban starts increased by 13.0% to 154,602 units in June while single-detached urban starts decreased by 4.5% to 42,073 units.