Canadian January housing starts data
- Prior was 228.3K (revised to 229.4K)
- Single-detached homes +36.8% vs -6.1% prior
- Multiple starts +23.9% vs -15% prior
- Seasonally adjusted starts +22.7%
- Full report
This is a hot number and the Canadian housing market is undoubtedly sizzling but you have to take any kind of construction numbers for Canada in January with a grain of salt. It's cold out there and not much is happening.
All that said, this is the second-strongest month on record.
