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For additional information relating to this article, please contact:

Barbara Ruszel Economist
Tel: 902-424-1848Email: Basia.Ruszel-Lichodzijewska@novascotia.ca

August 09, 2017
CMHC PRELIMINARY HOUSING STARTS, JULY 2017

Nova Scotia's housing starts (seasonally adjusted annualized rate) increased 67.3 per cent to 4,555 in July compared to June, with the Halifax market up 198.5 per cent, to 3,089. 

Compared to July 2016, Nova Scotia housing starts were up 20.7 per cent while Halifax starts were up 28.0 per cent.

Through the first seven months of 2017, Nova Scotia housing starts were up 26.4 per cent compared to the same period in 2016. That growth was driven largely by increases in multiple-unit starts in the Halifax market.

Across the country, the pace of housing starts increased by 4.4 per cent to 222,324 in July compared to June. Housing starts were 13.6 per cent higher than in June 2016.

Housing starts for January-July 2017 were up in all but two provinces compared to the first seven months of 2016, led by Prince Edward Island, Manitoba, and Nova Scotia in percentage terms. Newfoundland and Labrador and British Columbia had lower housing starts than in January-July 2016.

The six month average of housing starts has remained relatively flat in both Nova Scotia and Halifax in 2017, albeit with some variability month-to-month. This followed a steady increase through most of 2016, starting the year at around 2,500 and rising to around 4,000 by the end of the year. 

Note: Urban areas are defined as areas over 10,000 people

Statistics Canada: CANSIM table 027-0054, CANSIM table 027-0051

CHMC Housing Market Information Portal



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