Canadian housing starts in January 2021 was 244,963 units, up from 238,747 units in December 2020, according to the Canada Mortgage and Housing Corporation press release. Both single and multi-family housing starts rebounded strongly in January from declines in December.
- Single-family starts were strong in Montréal, reaching their highest level since February 2008.
- Standalone monthly seasonally adjusted housing starts for all areas in Canada, excluding Kelowna CMA, was 281,389 units in January, up 22.7% from 229,350 units in December.
- Excluding Kelowna CMA, the SAAR of urban starts rose by 27.2% in January to 265,838 units
- Excluding Kelowna CMA, multiple urban starts rose by 23.9% to 192,956 units in January while single-detached urban starts increased by 36.8% to 72,882 units.
- Including Kelowna CMA, the SAAR of urban starts rose by 27.7% in January to 266,877 units.
- Including Kelowna CMA, multiple urban starts rose by 24.1% to 193,328 units in January while single-detached urban starts increased by 38.1% to 73,549 units.
- With and without Kelowna, rural starts were estimated at a seasonally adjusted annual rate of 15,551 units.
The Canadian dollar is currently gaining. USDCAD is down 0.40%