The six-month trend in housing starts decreased 0.7 percent in March to 235,316 units, according to Canada Mortgage and Housing Corp. (CMHC). The trend measure is a six-month moving average of the seasonally adjusted annual rate (SAAR) of total housing starts for all areas in Canada. The total monthly SAAR of housing starts for all areas in Canada decreased 3.3 percent in March (214,155 units) compared to February (221,405 units).
Actual housing starts were down 12.5 percent year-over-year in centres with a population of 10,000 or greater, with 14,924 units recorded in March, compared to 17,052 in March 2024.
