February Housing Starts Surge 14% in Canada

Friday, 15 March 2024, 16:40

The latest report from Canada Mortgage and Housing Corp reveals a significant 14% increase in housing starts for February compared to January. Despite the rise, the construction industry is still grappling with cost pressures. Year-over-year data also shows an 11% growth in housing starts, indicating a positive trend in the market, driven by a surge in apartments and condos construction.
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February Housing Starts Surge 14% in Canada

February Housing Starts Report

The latest data from Canada Mortgage and Housing Corp (CMHC) highlights a notable 14% increase in housing starts in February compared to January.

Key Points:

  • Significant Surge: Housing starts jumped by 14% to reach 253,468 in February compared to the previous month.
  • Cost Pressures: The construction industry is facing challenges due to rising costs.
  • Over-Year Growth: February's housing starts showed an 11% increase compared to the same period last year.

The positive growth trend in housing starts signifies promising opportunities in the real estate market, especially driven by the construction of apartments and condos.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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