Only two census metropolitan areas (CMAs) this month have positive short- and long-term expectations, three fewer than last month. These are the CMAs in the up-up quadrant.
Most CMAs have negative long-term expectations for September—not surprising, given the recent pandemic-fuelled strength in markets across the country.
The CMAs with the biggest year-over-year percentage decrease in housing starts in August were Halifax, Québec City, Greater Sudbury, Oshawa, and Abbotsford–Mission.
Saguenay had the largest year-over-year percentage increase in starts last month, though smaller cities do tend to have larger swings in the data on a monthly basis.
The monthly Metropolitan housing starts publication provides the recent trends in housing starts for 28 metropolitan areas and expectations for starts over both the short and long term.
