Disclaimer: The information provided on the Timber Exchange Market Data Hub is sourced from a variety of publicly available data sources and confidential sources that have not been independently verified. Timber Exchange is not responsible for any expenses, damages, losses, or costs incurred as a result of using or relying on the information provided on this site. By using the Timber Exchange Market Data Hub, you agree to use the information at your own risk and acknowledge that any decisions made based on the information provided are done so solely at your own risk.

Canadian housing starts drop 13% in December

Posted on January 20, 2025 |

Housing starts in Canada fell 13% in December, from 267,140 units in November to 231,468 units.

In areas with populations over 10,000, builders started 16,531 homes in December, bringing the total for 2024 to 227,697, a 2% increase from 223,513 in December 2023.

The six-month trend in housing starts was nearly the same in December at 242,637 units, with a small drop of 0.7%.

In 2024, housing starts rose by 2% in areas with more than 10,000 people, reaching 227,697 units, up from 223,513 in 2023.

Including 17,423 starts in rural areas, the total for all areas in 2024 reached 245,120, a 2% increase from 2023.

The six largest cities saw a 3% decrease in housing starts compared to 2023, mainly due to fewer starts in Vancouver, Toronto, and Ottawa.

The drop in these cities came from fewer multi-unit buildings being started, as pre-construction condo sales were weak.

Previous Next