The Toronto skyline in Canada

Canada Housing June 2019

Canada: Housing starts surge in June, rounding off a solid Q2

Housing starts on a seasonally-adjusted (SAAR) basis rose to 245,657 units in June, according to the Canada Mortgage and Housing Corporation (CMHC), smashing analysts’ expectations. June’s reading was up markedly from May’s downwardly revised 196,809-unit print (previously reported: 202,337), and was driven by more multiple and single-detached urban starts.

Meanwhile, the six-month average of housing starts on a SAAR basis increased to 205,838 units in June from 200,530 in May. Over Q2 as a whole, housing starts averaged notably higher than in the prior quarter, which bodes well for construction investment.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest