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May 16, 2022HOUSING STARTS, APRIL 2022 
Nova Scotia’s housing starts (seasonally adjusted annualized rate) totalled 3,352 units in April 2022, up 18.1% from the revised estimate of 2,838 units in March 2022.
Housing starts in Halifax slowed to a seasonally adjusted annualized rate of 1,374 units in April 2022. Outside of Halifax, housing starts were up to a seasonally adjusted annualized rate of 1,978 units.
Notwithstanding a dip in the last three months, Nova Scotia's housing starts have trended up since mid-2021 (rebounding from a decline early in that year). Starts in Halifax largely explain this trend as starts outside Halifax have remained relatively stable.
The recent increase in starts is concentrated among multiple dwelling units. The growth in single dwelling unit starts was more moderate.
In Canada, housing starts increased 7.6% from March 2022 to 267,330 units in April 2022 (seasonally adjusted annualized rate). Housing starts were up last month in six provinces with the largest increase reported in Saskatchewan. Monthly housing starts were down in four provinces in April 2022, with the biggest decline in New Brunswick.
During the first four months of 2022, Nova Scotia’s housing starts were down 13.3% compared to the same period in 2021. Halifax housing starts decreased 11.7% and starts outside the city were down 15.6%. Canada’s housing starts decreased 15.7%. Starts were up in five provinces led by Newfoundland and Labrador and Manitoba. Saskatchewan reported the largest decline in housing starts.
Note: Urban areas are defined as areas over 10,000 people
Source: Statistics Canada, Table 34-10-0135-01 Canada Mortgage and Housing Corporation, housing starts, under construction and completions, all areas, quarterly; Table 34-10-0158-01 Canada Mortgage and Housing Corporation, housing starts, all areas, Canada and provinces, seasonally adjusted at annual rates, monthly (x 1,000) ; Table 34-10-0156-01 Canada Mortgage and Housing Corporation, housing starts in all centres 10,000 and over, Canada, provinces, and census metropolitan areas, seasonally adjusted at annual rates, monthly (x 1,000)
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