Canadian Housing Starts (June 2022)
Posted by Ron Neal on Monday, July 18th, 2022 at 7:55pm.
Canadian Housing Starts (June 2022) - July 18, 2022
Canadian housing starts fell by 8.3k (3 per cent) to 273.8k units in June at a seasonally-adjusted annual rate (SAAR). Comparing year-over-year, starts were down from June of 2021 (1.6 per cent). Single-detached housing starts declined 3.9 per cent to 72.1k, while multi-family and others fell 2.6 per cent to 201.8k (SAAR).
In British Columbia, starts rose 34.6 per cent in June, rising to 56.4k units SAAR in all areas of the province. In areas in the province with 10,000 or more residents, single-detached starts declined 10.3 per cent m/m to 6.9k units while multi-family starts rose 48.4 per cent to 46k units. Starts in the province were 15.3 per cent below the levels from June 2021. Starts were up by 7.9k units in Vancouver, 6.4k in Kelowna, and 1.0k in Abbotsford from last month, while declining by 1.3k in Victoria. The 6-month moving average trend rose 0.3 per cent to 43.1k in BC in June.
Link: https://mailchi.mp/
For more information, please contact:
Brendon Ogmundson Chief Economist 604.742.2796 bogmundson@bcrea.bc.ca |
Ryan McLaughlin Economist 604.366.6511 rmclaughlin@bcrea.bc.ca |
BCREA is the professional association for more than 23,000 REALTORS® in BC, focusing on provincial issues that impact real estate. Working with the province’s 11 real estate boards, BCREA provides continuing professional education, advocacy, economic research, and standard forms to help REALTORS® provide value for their clients.
To demonstrate the profession's commitment to improving Quality of Life in BC communities, BCREA supports policies that help ensure economic vitality, provide housing opportunities, preserve the environment, protect property owners and build better communities with good schools and safe neighbourhoods.
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