New housing starts in Canada in May

Canada Mortgage and Housing Corporation announced the New housing starts in Canada in May on 2025-06-16. with the prior figure recorded as 27.86ten thousand households.

Regarding the New housing starts in Canada in May, Actual value > Expected value = Positive for the Canadian dollar, New housing starts and construction permits are two important indicators in the construction sector, primarily examining the category of residential or non-industrial buildings. An increase in residential construction will lead to an increase in employment in the construction industry, as newly purchased homes typically prompt families to buy other durable goods, resulting in a multiplier effect that boosts output and employment in other industries. Changes in residential construction will directly indicate economic recession or recovery.

This data holds an importance level of , calculated using The annualized data on the number of residential buildings that started foundation work and broke ground in the previous month, and updates Announced on the sixth working day of each month. The next release is set for 2025-07-15 20:15:00.

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