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Canadian housing starts trend lower in December

Ottawa, January 18, 2022

The trend in housing starts was 260,567 units in December, down from 267,606 units in November, according to Canada Mortgage and Housing Corporation (CMHC). This trend measure is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR) of housing starts.

“The six-month trend in housing starts was lower from November to December, but remains at very high levels,” said Bob Dugan, CMHC's chief economist. “For SAAR housing starts in Canada’s urban areas, both single-detached and multi-family starts decreased in December. On a positive note, actual urban housing starts were 21% higher in 2021, adding much needed supply. The increase was driven by higher single-detached (28%) and multi-family (19%) starts and was mainly due to recovery following COVID-19 shutdown measures in 2020.”

On a trend and monthly SAAR basis, the level of housing starts activity in Canada remains high in historical terms. Among Vancouver, Toronto and Montreal, Vancouver was the only market to post growth in total SAAR starts in December, due to higher single-detached and multi-family starts.

CMHC uses the trend measure as a complement to the monthly SAAR of housing starts to account for considerable swings in monthly estimates and obtain a more complete picture of Canada’s housing market. In some situations, analyzing only SAAR data can be misleading, as the multi-unit segment largely drives the market and can vary significantly from one month to the next.

The standalone monthly SAAR of housing starts for all areas in Canada was 236,106 units in December, a decrease of 22% from 303,813 units in November. The SAAR of urban starts decreased by 24% in December to 212,918 units. Multiple urban starts decreased by 29% to 157,687 units in December, while single-detached urban starts decreased by 4% to 55,231 units.

Rural starts were estimated at a seasonally adjusted annual rate of 23,188 units.

Monthly Housing Starts and Other Construction Data are accessible in English and French on our website and the CMHC Housing Market Information Portal. Housing starts data is available on the eleventh business day each month. We will release the January data on February 15 at 8:15 AM ET.

As Canada’s authority on housing, CMHC contributes to the stability of the housing market and financial system, provides support for Canadians in housing need, and offers objective housing research and information to Canadian governments, consumers and the housing industry.

For more information, follow us on Twitter, YouTube, LinkedIn, Facebook and Instagram.

Information on this release:

Media Relations, CMHC
media@cmhc-schl.gc.ca

December Housing Starts in Canada — All areas

Table 1: Housing Start Data in Centres 10,000 Population and Over
Single-Detached All Others Total
Dec. 2020 Dec. 2021  % Dec. 2020 Dec. 2021  % Dec. 2020 Dec. 2021  %
Provinces (10,000+)
N.-L. 53 56 6 7 24 243 60 80 33
P.E.I. 18 19 6 11 19 73 29 38 31
N.S. 143 149 4 353 607 72 496 756 52
N.B. 77 79 3 434 266 -39 511 345 -32
Atlantic 291 303 4 805 916 14 1,096 1,219 11
Qc 583 344 -41 3,952 3,274 -17 4,535 3,618 -20
Ont. 1,700 1,870 10 3,989 3,576 -10 5,689 5,446 -4
Man. 174 187 7 336 374 11 510 561 10
Sask. 137 125 -9 128 128 - 265 253 -5
Alta. 914 1,104 21 1,525 1,398 -8 2,439 2,502 3
Prairies 1,225 1,416 16 1,989 1,900 -4 3,214 3,316 3
B.C. 536 679 27 2,714 3,519 30 3,250 4,198 29
Canada (10,000+) 4,335 4,612 6 13,449 13,185 -2 17,784 17,797 0
Metropolitan Areas
Abbotsford-Mission 30 18 -40 13 165 ## 43 183 326
Barrie 34 90 165 6 62 ## 40 152 280
Belleville 37 25 -32 14 8 -43 51 33 -35
Brantford 31 153 394 81 2 -98 112 155 38
Calgary 402 473 18 438 682 56 840 1,155 38
Edmonton 377 445 18 1,009 615 -39 1,386 1,060 -24
Greater Sudbury 6 8 33 8 4 -50 14 12 -14
Guelph 21 8 -62 87 32 -63 108 40 -63
Halifax 75 86 15 253 495 96 328 581 77
Hamilton 45 41 -9 281 261 -7 326 302 -7
Kelowna 0 106 ## 0 457 ## 0 563 ##
Kingston 20 28 40 37 17 -54 57 45 -21
Kitchener – Cambridge – Waterloo 63 78 24 249 449 80 312 527 69
Lethbridge 28 27 -4 12 16 33 40 43 8
London 153 159 4 76 106 39 229 265 16
Moncton 18 17 -6 335 141 -58 353 158 -55
Montréal 159 104 -35 2,636 1,756 -33 2,795 1,860 -33
Oshawa 67 33 -51 97 19 -80 164 52 -68
Ottawa – Gatineau 262 223 -15 812 170 -79 1,074 393 -63
Gatineau 59 17 -71 248 11 -96 307 28 -91
Ottawa 203 206 1 564 159 -72 767 365 -52
Peterborough 25 39 56 0 0 - 25 39 56
Québec 44 50 14 397 605 52 441 655 49
Regina 47 33 -30 49 56 14 96 89 -7
Saguenay 22 10 -55 64 30 -53 86 40 -53
St. Catharines – Niagara 153 62 -59 79 101 28 232 163 -30
Saint John 29 28 -3 0 60 ## 29 88 203
St. John's 44 52 18 6 24 300 50 76 52
Saskatoon 83 85 2 74 64 -14 157 149 -5
Sherbrooke 53 17 -68 103 260 152 156 277 78
Thunder Bay 1 11 ## 0 0 - 1 11 ##
Toronto 429 461 7 2,159 1,944 -10 2,588 2,405 -7
Trois-Rivières 10 12 20 33 131 297 43 143 233
Vancouver 241 222 -8 1,912 1,963 3 2,153 2,185 1
Victoria 67 92 37 274 545 99 341 637 87
Windsor 59 32 -46 54 72 33 113 104 -8
Winnipeg 136 149 10 179 333 86 315 482 53
Total 3,271 3,477 6 11,827 11,645 -2 15,098 15,122 0

Data based on 2016 Census Definitions.
Source: Market Analysis Centre, CMHC
## not calculable / extreme value

Table 2: Housing Start Data — Seasonally Adjusted at Annual Rates (SAAR)
Single-Detached All Others Total
Nov. 2021 Dec. 2021 % Nov. 2021 Dec. 2021 % Nov. 2021 Dec. 2021 %
Provinces (10,000+)
N.L. 332 496 49 12 309 ## 344 805 134
P.E.I. 383 264 -31 588 228 -61 971 492 -49
N.S. 1,473 1,610 9 5,418 7,268 34 6,891 8,878 29
N.B. 690 829 20 3,922 3,193 -19 4,612 4,022 -13
Qc 7,466 4,523 -39 48,789 37,470 -23 56,255 41,993 -25
Ont. 24,291 22,076 -9 101,089 44,211 -56 125,380 66,287 -47
Man. 2,622 2,580 -2 3,204 4,488 40 5,826 7,068 21
Sask. 1,009 1,229 22 2,472 1,536 -38 3,481 2,765 -21
Alta. 12,130 12,887 6 28,093 16,730 -40 40,223 29,617 -26
B.C. 7,252 8,737 20 28,563 42,254 48 35,815 50,991 42
Canada (10,000+) 57,648 55,231 -4 222,150 157,687 -29 279,798 212,918 -24
Canada (All Areas) 73,324 70,826 -3 230,488 165,282 -28 303,813 236,106 -22
Metropolitan Areas
Abbotsford-Mission 372 215 -42 288 1,980 ## 660 2,195 233
Barrie 853 1,193 40 1,416 744 -47 2,269 1,937 -15
Belleville 275 310 13 108 96 -11 383 406 6
Brantford 1,797 2,517 40 2,688 24 -99 4,485 2,541 -43
Calgary 5,071 5,420 7 20,892 8,184 -61 25,963 13,604 -48
Edmonton 5,086 5,509 8 6,336 7,380 16 11,422 12,889 13
Greater Sudbury 150 134 -11 144 48 -67 294 182 -38
Guelph 213 124 -42 216 384 78 429 508 18
Halifax 993 1,064 7 4,512 5,940 32 5,505 7,004 27
Hamilton 363 723 99 6,168 3,132 -49 6,531 3,855 -41
Kelowna 1,187 1,210 2 3,576 5,484 53 4,763 6,694 41
Kingston 367 361 -2 6,408 204 -97 6,775 565 -92
Kitchener – Cambridge – Waterloo 608 854 40 2,616 5,388 106 3,224 6,242 94
Lethbridge 367 309 -16 264 192 -27 631 501 -21
London 1,934 1,918 -1 1,560 1,272 -18 3,494 3,190 -9
Moncton 147 251 71 3,120 1,692 -46 3,267 1,943 -41
Montréal 2,470 1,681 -32 33,742 21,067 -38 36,212 22,748 -37
Oshawa 715 571 -20 1,488 228 -85 2,203 799 -64
Ottawa – Gatineau 3,883 2,968 -24 14,616 2,040 -86 18,499 5,008 -73
Gatineau 872 186 -79 1,524 132 -91 2,396 318 -87
Ottawa 3,011 2,782 -8 13,092 1,908 -85 16,103 4,690 -71
Peterborough 337 437 30 0 0 - 337 437 30
Québec 940 783 -17 8,976 7,260 -19 9,916 8,043 -19
Regina 284 385 36 1,692 672 -60 1,976 1,057 -47
Saguenay 313 122 -61 624 360 -42 937 482 -49
St. Catharines – Niagara 896 827 -8 1,740 1,212 -30 2,636 2,039 -23
Saint John 171 294 72 0 720 ## 171 1,014 493
St. John's 290 467 61 12 288 ## 302 755 150
Saskatoon 593 962 62 660 768 16 1,253 1,730 38
Sherbrooke 439 171 -61 2,328 3,120 34 2,767 3,291 19
Thunder Bay 135 151 12 48 0 -100 183 151 -17
Toronto 7,687 6,309 -18 63,024 23,328 -63 70,711 29,637 -58
Trois-Rivières 300 228 -24 1,368 1,572 15 1,668 1,800 8
Vancouver 2,816 3,074 9 16,128 23,556 46 18,944 26,630 41
Victoria 492 1,261 156 3,708 6,540 76 4,200 7,801 86
Windsor 439 369 -16 1,428 864 -39 1,867 1,233 -34
Winnipeg 2,211 2,143 -3 2,532 3,996 58 4,743 6,139 29

Data based on 2016 Census Definitions.
Source: Market Analysis Centre, CMHC
## not calculable / extreme value

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Date Published: January 18, 2022

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