Housing starts in Canada were trending at 212,282 units in December, according to the Canada Mortgage and Housing Corporation (CMHC). The trend is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR) of housing starts. The standalone monthly SAAR was 197,976 units in December, down slightly from 201,376 in November.
The seasonally adjusted annual rate of urban starts remained relatively stable in December (down 0.1 percentage points), reaching 178,870 units. Single urban starts rose by 8.6 percent to 67,419 units, while multiple urban starts fell by 4.7 per cent to 111,451 units.
Rural starts were estimated at a seasonally adjusted annual rate of 19,106 units in December.