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December 10, 2018HOUSING STARTS, NOVEMBER 2018 
Nova Scotia's housing starts (seasonally adjusted annualized rate) increased 35.0 per cent in November to 3,565 compared to 2,641 in October. Compared to November 2017, housing starts are down 1.8 per cent.
Housing starts were up 81.4 per cent in Halifax to 2,001 compared to 1,103 in October. Halifax starts are down 25.3 per cent compared to November 2017.
Year-to-date, Nova Scotia housing starts are up 17.2 per cent compared to January to November 2017. In urban areas, starts have increased for both singles and multiples through the first eleven months of the year.
The six-month average of housing starts in both Halifax and Nova Scotia has risen through most of 2018 after being flat over 2017.
In urban areas, housing starts for multiples are generally higher than for singles with greater variability month-to-month. Starts for singles remained steady through 2017 and were elevated in the first half of 2018. Since May, multiple starts have been stronger compared to the start of 2018.
Nationally, housing starts are up 4.4 per cent in November to 215,941 compared to 206,753 in October. Compared to November 2017, housing starts are down 13.7 per cent.
On a year-to-date basis, national housing starts were down 3.4 per cent compared to the first eleven months of 2017. Housing starts are up for four provinces while the other six reported declines relative to the same period last year. In percentage terms, Newfoundland and Labrador reported the largest increase (+20.2 per cent) followed by Nova Scotia (+17.2 per cent), while Saskatchewan posted the largest decline (-24.9 per cent).
Note: Urban areas are defined as areas over 10,000 people
Statistics Canada. Table 34-10-0158-01 and Table 34-10-0156-01
CHMC Housing Market Information Portal
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