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Housing starts for March 2024

Ottawa, April 16, 2024

The total monthly seasonally adjusted annual rate (SAAR) of housing starts for all areas in Canada decreased 7% in March (242,195 units) compared to February (260,047), according to Canada Mortgage and Housing Corporation (CMHC).

The six-month trend in housing starts decreased 1.6% from 247,971 units in February to 243,957 units in March. The trend measure is a six-month moving average of the SAAR of total housing starts for all areas in Canada.

The actual number of housing starts across Canada in urban centres of 10,000 population and over was up 16% to 17,052 units in March compared to 14,756 units in March 2023. The year-over-year increase was driven by higher multi-unit starts, up 19% and higher single-detached starts, up 2%.

March’s actual housing starts were 10% and 15% higher year-over-year in Toronto and Vancouver, respectively, because of higher multi-unit starts, while single-detached starts decreased. Montreal’s actual starts decreased 1%, dragged down by lower multi-unit starts.

Key facts:

  • The monthly SAAR of total urban (centres 10,000 population and over) housing starts decreased 7%, with 220,743 units recorded. Multi-unit urban starts decreased 8% to 180,229 units, while single-detached urban starts decreased 4% to 40,514 units.
  • The rural starts monthly SAAR estimate was 21,452 units.
  • Total SAAR housing starts were up 27% in Vancouver, driven by an increase in multi-unit starts. Toronto and Montreal declined 26% and 5%, respectively due to decreases in multi-unit starts.
  • 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 March housing starts data on May 15 at 8:15 AM ET.
  • CMHC uses the trend measure as a complement to the monthly SAAR of housing starts to account for considerable swings in monthly estimates and to obtain a clearer picture of upcoming new housing supply. 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.
  • Definitions and methodology to better understand the foundations of the Starts and Completions and Market Absorption surveys.

As a trusted source of housing information, CMHC provides unbiased housing-related data, research, and market information to help close knowledge gaps, and deepen understanding of complex housing issues to inform future policy decisions. Housing starts facilitate the analysis of monthly, quarterly, and year-over-year activity in the new home market. The data we collect as part of our Starts and Completions and Market Absorption surveys helps us obtain a clearer picture of upcoming new housing supply and is used as part of our various housing reports.

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 all levels of governments, consumers and the housing industry.

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Related links:

  • 2024 Rental Market Report
  • CMHC 2023: Housing reports retrospective

For information on this release:

To request an interview with a CMHC economist, contact:
Media Relations, CMHC
media@cmhc-schl.gc.ca

March housing starts in Canada — all areas

Housing Start Data in Centres 10,000 Population and Over (Provinces)
  Single-Detached All Others Total
Mar. 2023 Mar. 2024 % Mar. 2023 Mar. 2024 % Mar. 2023 Mar. 2024 %
N.-L. 10 8 -20 2 1 -50 12 9 -25
P.E.I. 7 1 -86 7 54 ## 14 55 293
N.S. 92 88 -4 139 482 247 231 570 147
N.B. 19 17 -11 42 34 -19 61 51 -16
Atlantic 128 114 -11 190 571 201 318 685 115
Qc 224 293 31 1,575 1,959 24 1,799 2,252 25
Ont. 1,102 916 -17 4,690 4,606 -2 5,792 5,522 -5
Man. 110 117 6 496 247 -50 606 364 -40
Sask. 56 76 36 158 164 4 214 240 12
Alta. 698 1,000 43 1,311 2,122 62 2,009 3,122 55
Prairies 864 1,193 38 1,965 2,533 29 2,829 3,726 32
B.C. 399 266 -33 3,619 4,601 27 4,018 4,867 21
Canada (10,000+) 2,717 2,782 2 12,039 14,270 19 14,756 17,052 16

Data for 2023 and 2024 based on 2021 Census Definitions.
Source: CMHC
## not calculable / extreme value

Housing Start Data in Centres 10,000 Population and Over (Metropolitan Areas)
  Single-Detached All Others Total
Mar. 2023 Mar. 2024 % Mar. 2023 Mar. 2024 % Mar. 2023 Mar. 2024 %
Abbotsford – Mission 20 8 -60 13 144 ## 33 152 361
Barrie 45 43 -4 33 4 -88 78 47 -40
Belleville – Quinte West 3 13 333 4 1 -75 7 14 100
Brantford 21 20 -5 33 0 -100 54 20 -63
Calgary 341 532 56 753 1,228 63 1,094 1,760 61
Chilliwack 9 7 -22 0 125 ## 9 132 ##
Drummondville 8 20 150 37 32 -14 45 52 16
Edmonton 282 370 31 525 792 51 807 1,162 44
Fredericton 7 6 -14 4 0 -100 11 6 -45
Greater / Grand Sudbury 5 0 -100 4 0 -100 9 0 ###
Guelph 3 4 33 255 6 -98 258 10 -96
Halifax 41 50 22 123 445 262 164 495 202
Hamilton 19 35 84 46 17 -63 65 52 -20
Kamloops 3 13 333 8 2 -75 11 15 36
Kelowna 62 16 -74 207 379 83 269 395 47
Kingston 13 6 -54 15 9 -40 28 15 -46
Kitchener – Cambridge – Waterloo 97 53 -45 58 75 29 155 128 -17
Lethbridge 5 9 80 0 2 ## 5 11 120
London 32 42 31 164 507 209 196 549 180
Moncton 1 2 100 2 14 ## 3 16 433
Montréal 61 72 18 757 738 -3 818 810 -1
Nanaimo 13 2 -85 9 1 -89 22 3 -86
Oshawa 47 24 -49 32 78 144 79 102 29
Ottawa – Gatineau 129 113 -12 1,155 594 -49 1,284 707 -45
Gatineau 30 15 -50 103 149 45 133 164 23
Ottawa 99 98 -1 1,052 445 -58 1,151 543 -53
Peterborough 17 13 -24 0 0 - 17 13 -24
Québec 44 29 -34 239 520 118 283 549 94
Red Deer 3 6 100 2 2 - 5 8 60
Regina 5 19 280 70 74 6 75 93 24
Saguenay 3 23 ## 11 29 164 14 52 271
St. Catharines – Niagara 56 43 -23 40 80 100 96 123 28
Saint John 5 6 20 0 0 - 5 6 20
St. John's 10 4 -60 2 1 -50 12 5 -58
Saskatoon 50 51 2 61 88 44 111 139 25
Sherbrooke 12 18 50 118 134 14 130 152 17
Thunder Bay 0 1 ## 0 24 ## 0 25 ##
Toronto 402 352 -12 2,780 3,142 13 3,182 3,494 10
Trois-Rivières 6 3 -50 41 31 -24 47 34 -28
Vancouver 193 117 -39 2,823 3,339 18 3,016 3,456 15
Victoria 28 30 7 297 429 44 325 459 41
Windsor 14 22 57 34 22 -35 48 44 -8
Winnipeg 97 103 6 436 234 -46 533 337 -37
Total 2,212 2,300 4 11,191 13,342 19 13,403 15,642 17

Data for 2023 and 2024 based on 2021 Census Definitions.
Source: CMHC
## not calculable / extreme value

Housing Start Data — Seasonally Adjusted at Annual Rates (SAAR) (Provinces — 10,000+)
  Single-Detached All Others Total
Feb. 2024 Mar. 2024 % Feb. 2024 Mar. 2024 % Feb. 2024 Mar. 2024 %
N.L. 631 319 -49 67 13 -81 698 332 -52
P.E.I. 60 41 -32 120 648 440 180 689 283
N.S. 1,639 1,682 3 10,388 5,838 -44 12,027 7,520 -37
N.B. 1,095 871 -20 3,998 560 -86 5,093 1,431 -72
Qc 5,442 5,071 -7 29,992 30,709 2 35,434 35,780 1
Ont. 10,707 12,526 17 74,024 57,297 -23 84,731 69,823 -18
Man. 1,895 1,768 -7 2,496 2,964 19 4,391 4,732 8
Sask. 1,023 1,166 14 1,824 1,968 8 2,847 3,134 10
Alta. 14,800 13,495 -9 32,789 25,137 -23 47,589 38,632 -19
B.C. 4,554 3,575 -21 39,766 55,095 39 44,320 58,670 32
Canada (10,000+) 41,846 40,514 -3 195,464 180,229 -8 237,310 220,743 -7
Canada (All Areas) 53,937 52,047 -4 206,108 190,152 -8 260,047 242,195 -7

Data for 2023 and 2024 based on 2021 Census Definitions.
Source: CMHC
## not calculable / extreme value

Housing Start Data — Seasonally Adjusted at Annual Rates (SAAR) (Metropolitan Areas)
  Single-Detached All Others Total
Feb. 2024 Mar. 2024 % Feb. 2024 Mar. 2024 % Feb. 2024 Mar. 2024 %
Abbotsford – Mission 76 101 33 672 1,728 157 748 1,829 145
Barrie 569 836 47 96 48 -50 665 884 33
Belleville – Quinte West 397 404 2 840 12 -99 1,237 416 -66
Brantford 251 310 24 96 0 -100 347 310 -11
Calgary 6,983 7,244 4 14,568 14,736 1 21,551 21,980 2
Chilliwack 210 81 -61 210 1,500 ## 306 1,581 417
Drummondville 112 199 78 444 384 -14 556 583 5
Edmonton 5,757 5,329 -7 14,496 9,504 -34 20,253 14,833 -27
Fredericton 370 322 -13 0 0 - 370 322 -13
Greater / Grand Sudbury ## ## ## ## ## ## ## ## ##
Guelph 40 53 33 1,152 72 -94 1,192 125 -90
Halifax 930 1,047 13 10,044 5,340 -47 10,974 6,387 -42
Hamilton 243 498 105 2,292 204 -91 2,535 702 -72
Kamloops 261 257 -2 108 24 -78 369 281 -24
Kelowna 437 227 -48 3,720 4,548 22 4,157 4,775 15
Kingston 330 169 -49 192 108 -44 522 277 -47
Kitchener – Cambridge – Waterloo 227 582 156 1,776 900 -49 2,003 1,482 -26
Lethbridge 267 247 -7 96 24 -75 363 271 -25
London 301 643 114 2,304 6,084 164 2,605 6,727 158
Moncton 252 323 28 2,016 168 -92 2,268 491 -78
Montréal 1,134 1,153 2 9,334 8,788 -6 10,468 9,941 -5
Nanaimo 160 20 -88 48 12 -75 208 32 -85
Oshawa 375 289 -23 720 936 30 1,095 1,225 12
Ottawa – Gatineau 1,214 1,693 39 6,300 7,128 13 7,514 8,821 17
Gatineau 638 261 -59 1,296 1,788 38 1,934 2,049 6
Ottawa 576 1,432 149 5,004 5,340 7 5,580 6,772 21
Peterborough 146 194 33 0 0 - 146 194 33
Québec 548 381 -30 3,360 6,240 86 3,908 6,621 69
Red Deer 13 123 ## 1,992 24 -99 2,005 147 -93
Regina 196 318 62 744 888 19 940 1,206 28
Saguenay 599 986 65 264 348 32 863 1,334 55
St. Catharines – Niagara 1,040 755 -27 1,044 960 -8 2,084 1,715 -18
Saint John 361 221 -39 1,416 0 -100 1,777 221 -88
St. John's 445 234 -47 24 12 -50 469 246 -48
Saskatoon 771 727 -6 1,056 1,056 - 1,827 1,783 -2
Sherbrooke 349 302 -13 216 1,608 ## 565 1,910 238
Thunder Bay 1,014 929 -8 0 288 ## 1,014 1,217 20
Toronto 3,684 4,260 16 52,944 37,704 -29 56,628 41,964 -26
Trois-Rivières 122 87 -29 1,560 372 -76 1,682 459 -73
Vancouver 2,002 1,652 -17 30,792 40,068 30 32,794 41,720 27
Victoria 384 338 -12 2,928 5,148 76 3,312 5,486 66
Windsor 175 367 110 48 264 450 223 631 183
Winnipeg 1,639 1,528 -7 2,340 2,808 20 3,979 4,336 9

Data for 2023 and 2024 based on 2021 Census Definitions.
Source: CMHC
## not calculable / extreme value

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Date Published: April 16, 2024

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