Canadian Housing Starts - City and Provincial
LONG TERM CHART vs population growth since 1956
Housing Starts FEB 28, 2019
Housing Starts FEB 28, 2019
ANNUAL COUNT of CANADIAN HOUSING STARTS
“The national trend in housing starts resumed its downward trajectory in February while still remaining above historical average. Both single-detached and multi-unit dwellings starts trended lower. Higher mortgage rates combined with still-favourable, but less stimulative economic conditions have contributed to softer demand on new home markets in urban centres.” CMHC Housing Observer
NOTE: The chart below shows the actual annual totals count from 1956 through 2018.
The 2019 housing starts data points on the chart are derived from the "annualized" provincial data set in the charts above and are therefor a projection of what year end 2019 might look like.
Projected Year End 2019 Totals
Canada = 190,181 (+8% Y/Y)
ON = 72,159 (-17% Y/Y)
QC = 39,956 (+34% Y/Y)
BC = 38,169 (+31% Y/Y)
AB = 24,160 (+18% Y/Y)
See also the Annual Demographia Studies on Housing Affordability.
A radical reform of Tax and Property Rights might help... My Post Here
The Steady Destruction of America’s [and Canadian] Cities
Peter Moskowitz’s new book on gentrification outlines how local governments cede their power over residents’ lives to private interests.
How to Kill a City: Gentrification, Inequality, and the Fight for the Neighborhood, a new book by the journalist Peter Moskowitz, brings some much-needed clarity to thinking about a slippery concept. “While urban renewal, the suburbanization of cities, and other forms of capital creation are relatively easy to spot (a highway built through a neighborhood is a relatively obvious event), gentrification is more discreet, dispersed, and hands-off,” he writes. Moskowitz adds to the growing canon aimed at understanding and explaining the process of gentrification, and he not so subtly suggests that while gentrification naturally brings some improvements to a city,including more people and money, it also frequently kills some cultural traditions and diversity, the precise characteristics that make cities so dynamic and desirable in the first place. Read Full Report from Gillian B. White, The Atlantic, March 9, 2017.
"It’s time to make affordable housing an issue..." Art Eggleton
Four million people are struggling to find affordable housing in Canada today. By affordable, I’m using the Canada Mortgage and Housing (CMHC) standard rule of thumb of about 30 percent of income going to housing that is adequate and in suitable condition. In fact, many Canadians are paying much more than this for housing, which leaves little in the household budget for other necessities such as food and clothing. Read Full Report from the Ottawa Citizen, September 20, 2015
Art Eggleton is a Canadian senator and a former mayor of Toronto and member of Parliament.