Canada Housing Starts

## What this measures

The number of new homes whose construction began in the month, across all of Canada, expressed as an annual pace (seasonally adjusted at annual rates).

## Why it matters

Starts lead construction jobs and building-material demand, and they show whether supply is responding to the housing shortage and to interest rates.

## How to read it

Monthly figures swing with multi-unit projects; read a 3- to 6-month average. Canada needs far more homes than it has been starting, so the level matters as much as the change.

## What it does not say

It counts starts, not completions, and does not say whether units are for sale or rent, or what they cost.

## Source

Canada Mortgage and Housing Corporation (CMHC), housing starts, all areas, Canada, seasonally adjusted at annual rates, published in Statistics Canada table 34-10-0158-01 (vector v52300157). Palanor pulls it from Statistics Canada's Web Data Service every day.

Source: Canada Mortgage and Housing Corporation (CMHC), Housing starts, reproduced under the CMHC data licence. The licence is revocable; this series comes down if CMHC withdraws it.