Metropolitan housing starts: August 2021

The Conference Board of Canada, August 30, 2021
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The monthly Metropolitan housing starts publication provides the recent trends in housing starts for 29 metropolitan areas and expectations for starts over both the short and long term.

Document Highlights

  • There are five census metropolitan areas (CMAs) with positive short- and long-term expectations this month, one less than last month. These are the CMAs in the up-up quadrant.
  • Most CMAs’ expectations are still in the up quadrant but are negative for the long term, as markets are expected to slow down from the red-hot levels seen during the pandemic.
  • The CMAs with the biggest year-over-year percentage decrease in July housing starts were Saskatoon, Moncton, Hamilton, Saguenay, and Kingston.
  • Thunder Bay had the largest year-over-year percentage increase in starts last month.

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