Housing Starts Expectations Remain Negative

Most metropolitan housing starts expectations remained negative in April, says Jane McIntyre, senior economist with the Conference Board of Canada. However, there were six census metropolitan areas (CMAs) with positive expectations for both short and long terms. That is one more than March. Short- and long-term expectations remained positive in Calgary and Edmonton, AB, in spite of low oil prices and the impacts of the COVID-19 pandemic. Oshawa and Toronto, ON, Saint John, NB, and Regina and Saskatoon, SK, had the biggest year-over-year percentage increases in housing starts for the month. Kitchener–Waterloo, ON, had the biggest year-over-year percentage decrease in housing starts.