Canadian housing starts were largely flat from the previous month, totalling 283,734 units in June at a seasonally adjusted annual rate (SAAR). Starts were up 18 per cent from the same month last year. Single-detached housing starts increased by 1 per cent from last month to 56,645 units, while multi-family and other starts were flat at 227,086 units (SAAR). 

In British Columbia, starts rose by 72 per cent from last month to 67,029 units (SAAR) in all areas of the province. In areas of the province with 10,000 or more residents, single-detached starts increased by 1 per cent to 3,880 units, while multi-family starts rose by 85 per cent to 60,314 units month-over-month. Starts in the province were 64 per cent above the levels from June 2024. Year-to-date starts are up 130 per cent in Abbotsford and 23 per cent in Victoria, but down 70 per cent in Nanaimo, 33 per cent in Kelowna, and 11 per cent in Vancouver.

Copyright British Columbia Real Estate Association. Reprinted with permission.