Metropolitan Housing Starts: June 2021
The Conference Board of Canada
June 29, 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 only six census metropolitan areas (CMAs) with positive short- and long-term expectations this month, nearly half the level of last month. These are the CMAs in the up-up quadrant.
- More CMAs have negative long-term expectations as we expect starts to slip from their strong 2020–21 levels.
- The CMAs with the biggest year-over-year percentage decrease in May housing starts were Kingston, Trois-Rivières, Victoria, Montréal, and Québec City.
- Greater Sudbury had the largest year-over-year percentage increase in starts last month, though it’s important to note that smaller CMAs tend to have larger swings in growth given their smaller levels.