Ontario’s preliminary Seasonally Adjusted Annual Rate (SAAR) of urban home starts slowed in November to 54,700 starts, down from 78,900 units in October. While multi-family home construction, which includes semi detached, town home and apartment units, accounted for much of the decline in November activity, single detached construction also moderated.
The longer term trend for Ontario housing starts has been one of high start levels gradually edging lower from peak levels in 2003-04. However, actual urban Ontario home starts for the year are still 14 per cent higher compared to the same period in 2007.
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