Community Dashboard: Housing starts
Current
1,743
Previous
2,810
Preferred trend
Increase
Reporting date
Dec. 31, 2024
Rationale and analysis
Why this measurement is important
Housing starts are considered a key economic indicator. In a strong economy, homes are more likely to be built and fewer homes are likely to be built in a weak economy.
How we measure this data
Source Canada Mortage and Housing Corporate with oversight by Growth Management & Analytics Team. Inclusive of 11 of the Niagara Region municipalities, excluding West Lincoln.
About this indicator
Housing starts are new residential construction projects that begin within the reported year, including single, semi-detached, row and apartment units, for all of the following intended markets: Homeowner, rental, condo and co-op.
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