Metropolitan Monthly Monitors: Metropolitan Housing Starts June 2012

The monthly Metropolitan Housing Starts publication provides the recent trends in housing starts for 27 metropolitan areas and expectations for starts over both the short and long term.

Document Highlights

• Twenty-one of 27 CMAs have positive short-term expecations, up from 19 last month. All 6 areas with negative short-term expectations are located east of Manitoba.
• Significantly fewer CMAs—12 out of 27—have positive long-term expectations.
• The CMAs with the biggest year-over-year percentage increase in housing starts in May were Ottawa–Gatineau, Winnipeg, Trois-Rivières, Regina, and Calgary.
• Victoria’s housing starts fell nearly 50 per cent in May compared with a year ago. Fortunately, expectations are positive in both the short and long term.