Canadian housing starts for February 2021
- Prior was 282.4K
- Single-detached homes -9.3% vs +36.8% prior
- Multiple starts -15.8% vs +23.9% prior
- Seasonally adjusted starts -13.5% vs +22.7% prior
- Full report
This was released a smidge early but it's not much of a market-mover anyway. These numbers are seasonally-adjusted and there is a lot of adjusting going on because February is a frigid month in Canada. The real test will be in the spring but those numbers will be skewed by the pandemic.
In a separate report, house prices in Canada were up 17.3% y/y with sales up 39.2% y/y in Feb.
