Metropolitan housing starts: August 2021
The Conference Board of Canada
August 30, 2021
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.
- 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.