Housing Starts Up 10% in Canada’s Largest Markets

Actual housing starts in Canada's large markets rose 10% year-over-year in February to 15,886 units. Vancouver saw a 60% increase, Montreal 18%, while Toronto declined 28%. The seasonally adjusted annual rate of total housing starts increased 4.5% month-over-month to 250,900 units. The six-month trend was nearly flat, reflecting steady construction despite volatility. Year-to-date starts rose 5%, supported by British Columbia and Ontario.