Canadian housing starts fell 13% in December, CMHC says
- Canadian housing starts fell by 13% in December, according to the Canada Mortgage and Housing Corp.
- The total number of housing starts in 2024 rose two percent compared with 2023, supported by increases in Alberta, Quebec, and the Atlantic provinces.
- Housing starts in Canada's six largest census metropolitan areas saw a combined drop of three percent in 2024, with Vancouver, Toronto, and Ottawa experiencing declines.
- The seasonally adjusted annual rate for housing starts fell to 231,468 units in December compared to 267,140 units in November, marking a significant decrease.
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Leaning Left22Leaning Right1Center3Last UpdatedBias Distribution85% Left
Bias Distribution
- 85% of the sources lean Left
L 85%
11%
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