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November 08, 2018HOUSING STARTS, OCTOBER 2018 
Nova Scotia's housing starts (seasonally adjusted annualized rate) declined 62.3 per cent in October to 2,634 compared to 6,989 in September. Compared to October 2017, housing starts are down 0.2 per cent.
Housing starts were down 76.7 per cent in Halifax to 1,111 compared to 4,775 in September. Halifax starts are down 35.1 per cent compared to October 2017.
Year-to-date, Nova Scotia housing starts are up 18.8 per cent compared to January to October 2017. In urban areas, starts have increased for both singles and multiples through the first 10 months of the year.
The six-month average of housing starts in both Halifax and Nova Scotia has risen through most of 2018 after being flat over 2017.
In urban areas, housing starts for multiples are generally higher than for singles with greater variability month-to-month. Starts for singles remained steady through 2017 and were elevated in the first half of 2018. Since May, multiple starts have been stronger compared to the start of 2018.
Nationally, housing starts are up 8.5 per cent in October to 205,925 compared to 189,730 in September. Compared to October 2017, housing starts are down 7.2 per cent.
On a year-to-date basis, national housing starts were down 2.3 per cent compared to the first ten months of 2017. Housing starts are up for four provinces while the other six reported declines relative to the same period last year. In percentage terms, Newfoundland and Labrador reported the largest increase (+28.1 per cent) followed by Nova Scotia (+18.8 per cent), while Saskatchewan posted the largest decline (-24.4 per cent).
Note: Urban areas are defined as areas over 10,000 people
Statistics Canada. Table 34-10-0158-01 and Table 34-10-0156-01
CHMC Housing Market Information Portal
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