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Quick View: Housing Starts in Canada are Weaker Than Anticipated

New York, Tuesday, 18 January 2022


According to the Canada Mortgage and Housing Corporation, housing starts in Canada plummeted 22% from a month earlier to 236,106 units in December 2021, falling short of market estimates of 270,000 units (CHMC).


Urban starts fell by 24%, owing primarily to a 29% drop in multiple urban starts to 157,687 units, while single-family urban starts fell by just 4% to 55,231 units. A seasonally adjusted annual rate of 23,188 rural starts was estimated.


Source: Canada Mortgage and Housing Corporation


(Edited by: The Decision Maker)