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Housing Starts

Housing starts are a measure of the number of new housing builds where construction has begun. Changes in the number of housing starts can show fluctuations in the demand for homes and the outlook for the construction industry. Buying a home also creates a number of consumption opportunities for the buyer, and therefore influences other industries such as retail sales, finance, and manufacturing.

Adapted from Statistics Canada, Table 34-10-0143-01 (Source: CMHC, housing starts, under construction and completions in centres 10,000 and over). This does not constitute an endorsement by Statistics Canada of this product.

 

 

Highlights

  • In February 2020, housing starts in Saskatchewan increased by 70.7 per cent, compared to February 2019.  Saskatchewan ranked fourth among the provinces in terms of the percentage change. The national average increased by 30.8 per cent.
  • In February 2020, construction starts on single-family dwellings increased by 27.7 per cent (from 47 units to 60 units), and multiple units increased by 142.9 per cent (from 28 units to 68 units), compared to February 2019.

For more information on Statistics Canada's release, click here.

Visit Economic Development Regina or SREDA for Regina or Saskatoon-specific economic information. 

Adapted from Statistics Canada, Table 34-10-0143-01 (Source: CMHC, housing starts, under construction and completions in centres 10,000 and over). This does not constitute an endorsement by Statistics Canada of this product.

Adapted from Statistics Canada, Table 34-10-0143-01 (Source: CMHC, housing starts, under construction and completions in centres 10,000 and over). This does not constitute an endorsement by Statistics Canada of this product.

Released: March 09, 2020 Next Update: April 08, 2020

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