Canada CAD

Canada Housing Starts

Info

History

Chart

Impact:

Medium

Source: Canada Mortgage And Housing Corporation

Latest Release:

Date:

Big Surprise:

51.1K

CAD

Actual:

278.6K

Forecast: 227.5K

Previous/Revision:

214.2K

Period: Apr

Next Release:

Date:

Period: May

What Does It Measure?

The Canada Housing Starts indicator measures the number of new residential construction projects that have begun during a specified period, reflecting the health of the housing market. It primarily focuses on residential building activity, assessing key areas such as investment in construction, employment levels in related sectors, and overall economic conditions in the housing market.

Frequency

Housing Starts data is released monthly, typically during the first week of each month, providing updates for the previous month’s activity.

Why Do Traders Care?

Traders pay close attention to Housing Starts as it serves as an indicator of economic strength and consumer confidence, influencing real estate investments, construction stocks, and the broader economy. Higher-than-expected housing starts may signal growth prospects, positively affecting currencies like the CAD and boosting stock prices in related sectors, while weaker results could lead to bearish sentiment.

What Is It Derived From?

The Housing Starts figure is derived from a survey conducted by the Canada Mortgage and Housing Corporation (CMHC), which collects data from construction companies and municipalities about the initiation of new residential projects. This indicator utilizes a comprehensive methodology to ensure accuracy, including a review of building permits and ongoing construction trends.

Description

The Housing Starts report provides vital insights into the construction sector’s performance, contributing to the understanding of economic momentum and housing demand. Preliminary reports are based on early estimates but may be subject to revision, while finalized data offers a more accurate depiction of housing market trends, with the preliminary figures often influencing immediate market reactions due to their timeliness.

Additional Notes

Housing Starts is typically considered a leading economic indicator, as it forecasts future construction activity and can signal trends in the broader economic environment. An increase in housing starts may suggest upcoming growth in associated industries, such as manufacturing and labor, while declines could indicate impending economic slowdowns.

Bullish or Bearish for Currency and Stocks

Higher than expected: Bullish for CAD, Bullish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number	Better than forecast for the currency (or previous revise better)
Red Number	Worse than forecast for the currency (or previous revise better)
Hawkish	Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish	Favors lower rates to boost growth, weakening the currency but lifting stocks.

Date	Actual	Forecast	Previous	Surprise
May 15, 2025	278.6K	227.5K	214.2K	51.1K
Apr 15, 2025	214.2K	242.5K	221.4K	-28.3K
Mar 17, 2025	229K	250K	239.3K	-21K
Feb 17, 2025	239.7K	251K	232.5K	-11.3K
Jan 16, 2025	231.5K	245K	267.1K	-13.5K
Dec 16, 2024	262.4K	248.2K	242.2K	14.2K
Nov 18, 2024	240.8K	242.5K	223.4K	-1.7K
Oct 16, 2024	223.8K	237.5K	213K	-13.7K
Sep 17, 2024	217.4K	252.5K	279.8K	-35.1K
Aug 16, 2024	279.5K	245K	241.6K	34.5K
Jul 16, 2024	241.7K	260K	264.9K	-18.3K
Jun 17, 2024	264.5K	247K	241.1K	17.5K
May 15, 2024	240.2K	238K	242.3K	2.2K
Apr 16, 2024	242.2K	244K	260K	-1.8K
Mar 15, 2024	253.5K	230K	223.2K	23.5K
Feb 15, 2024	223.6K	235K	249K	-11.4K
Jan 16, 2024	249.3K	243K	210.9K	6.3K
Dec 15, 2023	212.6K	257.1K	272.3K	-44.5K
Nov 16, 2023	274.7K	252.9K	270.7K	21.8K
Oct 18, 2023	270.5K	240K	250.4K	30.5K
Sep 18, 2023	253K	247.1K	255K	5.9K
Aug 16, 2023	255K	240K	283.5K	15K
Jul 18, 2023	281.4K	220K	200K	61.4K
Jun 15, 2023	202.5K	235K	261.4K	-32.5K
May 15, 2023	261.6K	220K	213.8K	41.6K
Apr 19, 2023	214K	237.8K	241K	-23.8K
Mar 15, 2023	244K	220K	216.5K	24K
Feb 15, 2023	215.4K	240K	248.3K	-24.6K
Jan 17, 2023	248.6K	257.5K	263K	-8.9K
Dec 15, 2022	264.2K	255K	264.6K	9.2K
Nov 16, 2022	267.1K	270K	298.8K	-2.9K
Oct 18, 2022	299.6K	263K	270.4K	36.6K
Sep 16, 2022	267.4K	265K	275.2K	2.4K
Aug 16, 2022	275.3K	262.1K	272.4K	13.2K
Jul 18, 2022	273.8K	265K	287.3K	8.8K
Jun 15, 2022	287.3K	252.6K	267.3K	34.7K
May 16, 2022	267.3K	246.4K	248.4K	20.9K
Apr 19, 2022	246.2K	250K	250.2K	-3.8K
Mar 15, 2022	247.3K	238K	229.2K	9.3K
Feb 15, 2022	230.8K	245K	238.4K	-14.2K
Jan 18, 2022	236.1K	270K	303.8K	-33.9K
Dec 15, 2021	301.3K	234.3K	238.4K	67K
Nov 16, 2021	236.6K	255K	249.9K	-18.4K
Oct 18, 2021	251.2K	255K	262.8K	-3.8K
Sep 16, 2021	260.2K	268K	270.7K	-7.8K
Aug 17, 2021	272.2K	275K	281.2K	-2.8K
Jul 16, 2021	282.1K	270K	286.3K	12.1K
Jun 15, 2021	275.9K	270K	267.4K	5.9K
May 17, 2021	268.6K	280K	334.8K	-11.4K
Apr 19, 2021	335.2K	250K	275.6K	85.2K
Mar 15, 2021	245.9K	250K	284.4K	-4.1K
Feb 15, 2021	282.4K	190K	229.4K	92.4K
Jan 18, 2021	228.3K	227K	259.9K	1.3K
Dec 15, 2020	246K	215K	215.1K	31K
Nov 17, 2020	214.9K	222K	208.7K	-7.1K
Oct 08, 2020	209K	240K	261.5K	-31K
Sep 09, 2020	262.4K	220K	245.4K	42.4K
Aug 11, 2020	245.6K	210K	212.1K	35.6K
Jul 09, 2020	211.7K	198K	195.5K	13.7K
Jun 08, 2020	193.5K	155K	166.4K	38.5K
May 08, 2020	171K	110K	195K	61K
Apr 08, 2020	195K	180K	210K	15K
Mar 09, 2020	210K	205K	213K	5K
Feb 10, 2020	213K	205K	195.9K	8K
Jan 09, 2020	197.3K	210K	204.3K	-12.7K
Dec 09, 2019	201.3K	205K	200.7K	-3.7K
Nov 08, 2019	202K	221.2K	221.1K	-19.2K
Oct 08, 2019	221.2K	214.5K	226.9K	6.7K
Sep 10, 2019	226.6K	215K	222.5K	11.6K
Aug 09, 2019	222K	203.5K	245K	18.5K
Jul 09, 2019	245.7K	210K	196.8K	35.7K
Jun 10, 2019	202.3K	205K	233.4K	-2.7K
May 08, 2019	235.5K	196.4K	192K	39.1K
Apr 08, 2019	192.5K	196.5K	166.3K	-4K
Mar 08, 2019	173.1K	205K	206.8K	-31.9K
Feb 08, 2019	208K	205K	213.6K	3K
Jan 09, 2019	213.4K	205K	224.3K	8.4K
Dec 10, 2018	215.9K	196K	206.8K	19.9K
Nov 08, 2018	205.9K	200K	189.7K	5.9K
Oct 09, 2018	189K	210K	200K	-21K
Sep 11, 2018	201K	210.3K	206K	-9.3K
Aug 09, 2018	206K	219.5K	248.1K	-13.5K
Jul 10, 2018	248.1K	210K	195.6K	38.1K
Jun 08, 2018	195.6K	218K	216.8K	-22.4K
May 08, 2018	214K	220K	225.5K	-6K
Apr 10, 2018	225.2K	218K	231K	7.2K
Mar 08, 2018	229.7K	217K	215.3K	12.7K
Feb 08, 2018	216.2K	210K	216.3K	6.2K
Jan 09, 2018	217K	212.5K	251.7K	4.5K
Dec 08, 2017	252K	221K	222.7K	31K
Nov 08, 2017	222.8K	210K	219.3K	12.8K
Oct 10, 2017	217.1K	210K	225.9K	7.1K
Sep 11, 2017	223.2K	212K	222K	11.2K
Aug 09, 2017	222.3K	205K	212.9K	17.3K
Jul 11, 2017	212.7K	200K	195K	12.7K
Jun 08, 2017	195K	205K	214K	-10K
May 08, 2017	214.1K	217.5K	252.3K	-3.4K
Apr 10, 2017	253.7K	216K	214.3K	37.7K
Mar 08, 2017	210.2K	200K	208.9K	10.2K
Feb 08, 2017	207.4K	200K	206.3K	7.4K
Jan 10, 2017	207K	212.5K	187K	-5.5K
Dec 08, 2016	184K	191.2K	192.3K	-7.2K
Nov 08, 2016	192.9K	195K	219.4K	-2.1K
Oct 11, 2016	220.6K	190K	184.2K	30.6K
Sep 08, 2016	182.7K	190K	194.7K	-7.3K
Aug 09, 2016	198.4K	195K	218.3K	3.4K
Jul 11, 2016	218.3K	189.5K	186.7K	28.8K
Jun 08, 2016	188.6K	190K	191.4K	-1.4K
May 09, 2016	191.5K	191.5K	202.4K
Apr 08, 2016	204.3K	190K	219.1K	14.3K
Mar 08, 2016	212.6K	180K	165.1K	32.6K
Feb 08, 2016	165.9K	184.7K	173K	-18.8K
Jan 11, 2016	173K	200K	212K	-27K
Dec 08, 2015	211.9K	198.7K	197.7K	13.2K
Nov 09, 2015	198.1K	200K	231.3K	-1.9K
Oct 08, 2015	230.7K	200K	214.3K	30.7K
Sep 09, 2015	216.9K	190K	193.3K	26.9K
Aug 11, 2015	193K	195K	202.3K	-2K
Jul 09, 2015	202.8K	190K	197K	12.8K
Jun 08, 2015	201.7K	185K	183.3K	16.7K
May 08, 2015	181.8K	182K	189.5K	-0.2K