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October 10, 2017CMHC PRELIMINARY HOUSING STARTS, SEPT 2017 
Nova Scotia's housing starts (seasonally adjusted annualized rate) increased 51.2 per cent to 5,394 in September compared to August, with the Halifax market up 69.7 per cent, to 4,027.
Compared to September 2016, Nova Scotia housing starts were down 0.5 per cent while Halifax starts were down 8.1 per cent.
Through the first nine months of 2017, Nova Scotia housing starts were up 22.6 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 decreased by 3.9 per cent to 217,118 in September compared to August. Housing starts were 0.8 per cent lower than in September 2016.
Housing starts for January-September 2017 were up in all but two provinces compared to the first nine 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-September 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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