The Chamber of Commerce of Metropolitan Montreal

More information

Telephone

514 871-4000

Email

info@ccmm.ca

Members involvement

Share your expertise with the Chamber

Chamber strategic committees

Make your business a model of sustainable mobility.

Employers take action for sustainable mobility

Post the causes that are important to you.

Metropolitan Bulletin Board

Inspire students by sharing your career path with them

Operation Back to School

Host a young person for an internship at your place of business.

Student Business

Put your expertise at the service of the community.

Business Volunteers
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Methodology

The number of housing starts is an important indicator providing information about not only the construction and real estate markets but also general economic conditions. Housing starts are based on the total number of housing units; a single-family home thus counts as one unit while, in the case of multi-purpose buildings, only the number of units destined for residential use will be taken into account.

In addition to signalling an upturn in activity, an increase in housing starts often corresponds to an increase in consumer purchasing power and a decrease in mortgage rates.

This data is provided quarterly by the Conference Board of Canada in annualized form. Annualizing quarterly data (multiplying it by four) makes it possible to compare quarterly performance with the annual result.

This data is also deseasonalized, eliminating the impact of seasonal variations and making it possible to compare data throughout the year.

Methodology

The number of housing starts is an important indicator providing information about not only the construction and real estate markets but also general economic conditions. Housing starts are based on the total number of housing units; a single-family home thus counts as one unit while, in the case of multi-purpose buildings, only the number of units destined for residential use will be taken into account.

In addition to signalling an upturn in activity, an increase in housing starts often corresponds to an increase in consumer purchasing power and a decrease in mortgage rates.

The data for the 5 census metropolitan areas (CMA) is provided quarterly by the Conference Board of Canada in annualized form. Annualizing quarterly data (multiplying it by four) makes it possible to compare quarterly performance with the annual result.

This data is also deseasonalized, eliminating the impact of seasonal variations and making it possible to compare data throughout the year.