New housing starts in Canada from 1948 to 2023

New residential construction in Canada 1948-2023 Published by Fernando de Querol Cumbrera, Jun 7, 2024 In 2023, there were fewer new home construction starts in Canada than in the previous year. Construction starts peaked in 2021, when there were 271,200 housing units whose construction started that year. Despite the restrictions imposed in Canada during the COVID-19 pandemic, the industry managed to continue operating, with increases in the number of housing starts in 2020 and 2021.

How many homes are under development? In 2022, the number of housing units that were under construction in Canada was approximately 334,000 units. After a period of stagnation until 2016, the housing industry witnessed a significant surge in construction activity, with an annual growth rate of nearly 9.5 percent. Numerous factors are attributed to this rise, including the heightened demand for housing, an expanding economy that encouraged investment, and the response to the shortage of housing.

How expensive are homes in Canada? In 2023, the average cost of a house in Canada was around 678,282 Canadian dollars. The average house price had fallen that year by 25,593 Canadian dollars compared in 2023 compared to the previous year. Another way to measure the trends in housing prices is the house price-to-income ratio. It measures the development of housing affordability and is calculated by dividing the nominal house price by the nominal disposable income per head. The house price-to-income ratio in Canada fell by 15.8 percentage points between the second quarter of 2022 and that same quarter in 2023, indicating that house values decreased in relation to earnings. This makes homeownership in Canada more challenging due to the decreasing affordability of dwellings.

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Additional Info

Field Value
Last Updated March 12, 2025, 16:07 (UTC)
Created March 12, 2025, 16:01 (UTC)
Domain / Topic
Domain or topic of the dataset being cataloged.
Housing
Description
A description of the dataset.

New residential construction in Canada 1948-2023 Published by Fernando de Querol Cumbrera, Jun 7, 2024 In 2023, there were fewer new home construction starts in Canada than in the previous year. Construction starts peaked in 2021, when there were 271,200 housing units whose construction started that year. Despite the restrictions imposed in Canada during the COVID-19 pandemic, the industry managed to continue operating, with increases in the number of housing starts in 2020 and 2021.

How many homes are under development? In 2022, the number of housing units that were under construction in Canada was approximately 334,000 units. After a period of stagnation until 2016, the housing industry witnessed a significant surge in construction activity, with an annual growth rate of nearly 9.5 percent. Numerous factors are attributed to this rise, including the heightened demand for housing, an expanding economy that encouraged investment, and the response to the shortage of housing.

How expensive are homes in Canada? In 2023, the average cost of a house in Canada was around 678,282 Canadian dollars. The average house price had fallen that year by 25,593 Canadian dollars compared in 2023 compared to the previous year. Another way to measure the trends in housing prices is the house price-to-income ratio. It measures the development of housing affordability and is calculated by dividing the nominal house price by the nominal disposable income per head. The house price-to-income ratio in Canada fell by 15.8 percentage points between the second quarter of 2022 and that same quarter in 2023, indicating that house values decreased in relation to earnings. This makes homeownership in Canada more challenging due to the decreasing affordability of dwellings.

Tags
Keywords/tags categorizing the dataset.
Format (CSV, XLS, TXT, PDF, etc)
File format of the dataset.
.pdf - application/pdf, .xlsx - application/vnd.openxmlformats-officedocument.spreadsheetml.sheet, .png - image/png, .pptx - application/vnd.openxmlformats-officedocument.presentationml.presentation
Dataset Size
Dataset size in megabytes.
Metadata Identifier
Metadata identifier – can be used as the unique identifier for catalogue entry
/statistics/198040/total-number-of-canadian-housing-starts-since-1995/
Published Date
Published date of the dataset.
2024-06-07
Time Period Data Span (start date)
Start date of the data in the dataset.
1948-01-01
Time Period Data Span (end date)
End date of time data in the dataset.
2023-12-31
GeoSpatial Area Data Span
A spatial region or named place the dataset covers.
Canada
Field Value
Access category
Type of access granted for the dataset (open, closed, service, etc).
Closed
Limits on use
Limits on use of data.
Location
Location of the dataset.
Canada
Data Service
Data service for accessing a dataset.
Statistia
Owner
Owner of the dataset.
Statistia
Contact Point
Who to contact regarding access?
support@statista.com
Contact Point Email
The email to contact regarding access?
support@statista.com
Publisher
Publisher of the dataset.
Statistia
Publisher Email
Email of the publisher.
support@statista.com
Author
Author of the dataset.
Statistia
Author Email
Email of the author.
support@statista.com
Accessed At
Date the data and metadata was accessed.
2025-03-12
Field Value
Identifier
Unique identifier for the dataset.
/statistics/198040/total-number-of-canadian-housing-starts-since-1995/
Language
Language(s) of the dataset
English
Link to dataset description
A URL to an external document describing the dataset.
https://www.statista.com/statistics/198040/total-number-of-canadian-housing-starts-since-1995/
Persistent Identifier
Data is identified by a persistent identifier.
Yes
Globally Unique Identifier
Data is identified by a persistent and globally unique identifier.
Yes
Contains data about individuals
Does the data hold data about individuals?
No
Contains data about identifiable individuals
Does the data hold identifiable data about individual?
No
Contains Indigenous Data
Does the data hold data about Indigenous communities?
No
Field Value
Source
Source of the dataset.
https://www.statista.com/statistics/198040/total-number-of-canadian-housing-starts-since-1995/
Version notes
Version notes about the dataset.
Is version of another dataset
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Other versions
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Provenance Text
Provenance Text of the data.
Provenance URL
Provenance URL of the data.
Temporal resolution
Describes how granular the date/time data in the dataset is.
GeoSpatial resolution in meters
Describes how granular (in meters) geospatial data is in the dataset.
GeoSpatial resolution (in regions)
Describes how granular (in regions) geospatial data is in the dataset.
Country
Field Value
Indigenous Community Permission
Who holds the Indigenous Community Permission. Who to contact regarding access to a dataset that has data about Indigenous communities.
Community Permission
Community permission (who gave permission).
The Indigenous communities the dataset is about
Indigenous communities from which data is derived.
Field Value
Number of data rows
If tabular dataset, total number of rows.
Number of data columns
If tabular dataset, total number of unique columns.
Number of data cells
If tabular dataset, total number of cells with data.
Number of data relations
If RDF dataset, total number of triples.
Number of entities
If RDF dataset, total number of entities.
Number of data properties
If RDF dataset, total number of unique properties used by the triples.
Data quality
Describes the quality of the data in the dataset.
Metric for data quality
A metric used to measure the quality of the data, such as missing values or invalid formats.

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