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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