Metropolitan Housing Starts: June 2021

The Conference Board of Canada, June 29, 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 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.

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