Housing starts for September 2025

OTTAWA, ON, Oct. 16, 2025 /CNW/ - The six-month trend in housing starts increased (4.1%) in September (277,147 units), according to Canada Mortgage and Housing Corporation (CMHC). The trend measure is a six-month moving average of the seasonally adjusted annual rate (SAAR) of total housing starts for all areas in Canada.

Actual housing starts were up 19% year-over-year in centres with a population of 10,000 or greater, with 22,375 units recorded in September, compared to 18,806 units in September 2024. The year-to-date total was 178,033, up 5% from the same period in 2024.

Housing Starts in Canada - All Areas (CNW Group/Canada Mortgage and Housing Corporation (CMHC))

The total monthly SAAR of housing starts for all areas in Canada was up 14% in September (279,234 units) compared to August (244,543 units).

"The six-month trend in housing starts was pushed higher in September, driven by significantly higher monthly starts in Ontario, Québec, and the Prairie provinces. Notably, Montréal and Toronto were responsible for more than a quarter of the total monthly starts nationally, primarily due to increased rental apartments starts. While these results indicate some resilience, it is worth noting that current housing starts levels are generally reflective of decisions made months or even years ago when investor confidence was higher than it is today," said Tania Bourassa-Ochoa, CMHC's Deputy Chief Economist.

Key Facts:

• The rural starts monthly SAAR estimate was 24,889 units.
• Among Canada's big three cities, Montreal and Toronto posted 135% and 112% year-over-year increases in actual housing starts respectively, both driven by significantly higher multi-unit starts. Vancouver recorded a 1% decrease in starts this month.
• CMHC's Starts and Completions Survey provides Canadians with objective, accurate and timely information on actual new residential construction in Canada. Read more about why housing starts matter on CMHC's Housing Observer.
• Monthly Housing Starts and Other Construction Data are accessible in English and French on our website and the CMHC Housing Market Information Portal.
• Housing starts data is available on the eleventh business day each month. We will release the October housing starts data on November 18 at 8:15 AM ET.
• CMHC uses the trend measure as a complement to the monthly SAAR of housing starts to account for considerable swings in monthly estimates and to obtain a clearer picture of upcoming new housing supply. In some situations, analyzing only SAAR data can be misleading, as the multi-unit segment largely drives the market and can vary significantly from one month to the next.
• Read about our definitions and methodology to better understand the foundations of the Starts and Completions and Market Absorption surveys.

Housing starts facilitate the analysis of monthly, quarterly, and year-over-year activity in the new home market. The data CMHC collects as part of the Starts and Completions and Market Absorption surveys helps us obtain a clearer picture of upcoming new housing supply and is used as part of our various housing reports.

CMHC plays a critical role as a national convenor to promote stability and sustainability in Canada's housing finance system. CMHC's mortgage insurance products support access to home ownership and the creation and maintenance of rental supply. CMHC research and data help inform housing policy. By facilitating co-operation between all levels of government, private and non-profit sectors, CMHC contributes to advancing housing affordability, equity, and climate compatibility. CMHC actively supports the Government of Canada in delivering on its commitment to make housing more affordable.

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Related Links:

• Housing starts for August 2025
• 2025 Housing Supply Report
• Housing shortages in Canada
• 2025 Mid-Year Rental Market Update
• Solving the housing crisis is a marathon not a sprint

Table 2
Housing Start Data in Centres 10,000 Population and Over
January - September 2024 - 2025
Area		Single-Detached			All Others			Total
Province
		2024	2025	%	2024	2025	%	2024	2025	%
N.L.		458	510	11	232	280	21	690	790	14
P.E.I.		189	242	28	896	840	-6	1,085	1,082	0
N.S.		1,173	1,220	4	4,199	5,326	27	5,372	6,546	22
N.B.		710	701	-1	2,979	3,196	7	3,689	3,897	6
Atlantic		2,530	2,673	6	8,306	9,642	16	10,836	12,315	14
Que.		3,126	3,477	11	25,663	34,305	34	28,789	37,782	31
Ont.		9,576	7,195	-25	46,552	38,916	-16	56,128	46,111	-18
Man.		1,299	1,711	32	3,106	3,506	13	4,405	5,217	18
Sask.		911	1,266	39	2,000	3,042	52	2,911	4,308	48
Alta.		11,295	11,911	5	22,282	28,803	29	33,577	40,714	21
Prairies		13,505	14,888	10	27,388	35,351	29	40,893	50,239	23
B.C.		3,349	2,999	-10	28,902	28,587	-1	32,251	31,586	-2
Canada		32,086	31,232	-3	136,811	146,801	7	168,897	178,033	5
Metropolitan Areas
Abbotsford-Mission		146	127	-13	756	1,685	123	902	1,812	101
Barrie		312	129	-59	446	499	12	758	628	-17
Belleville - Quinte West		163	118	-28	123	350	185	286	468	64
Brantford		168	222	32	39	1,298	##	207	1,520	##
Calgary		5,225	5,231	0	12,189	15,662	28	17,414	20,893	20
Chilliwack		121	99	-18	278	362	30	399	461	16
Drummondville		125	166	33	621	775	25	746	941	26
Edmonton		4,992	5,279	6	8,367	11,205	34	13,359	16,484	23
Fredericton		226	199	-12	280	702	151	506	901	78
Greater/Grand Sudbury		61	71	16	58	127	119	119	198	66
Guelph		43	23	-47	342	118	-65	385	141	-63
Halifax		604	609	1	3,682	4,732	29	4,286	5,341	25
Hamilton		250	232	-7	1,691	1,833	8	1,941	2,065	6
Kamloops		68	62	-9	196	302	54	264	364	38
Kelowna		280	198	-29	3,387	1,934	-43	3,667	2,132	-42
Kingston		171	124	-27	149	737	395	320	861	169
Kitchener-Cambridge-Waterloo		290	273	-6	2,062	3,252	58	2,352	3,525	50
Lethbridge		194	274	41	405	201	-50	599	475	-21
London		415	368	-11	2,587	2,035	-21	3,002	2,403	-20
Moncton		199	222	12	1,983	1,874	-5	2,182	2,096	-4
Montréal		814	952	17	11,675	18,379	57	12,489	19,331	55
Nanaimo		114	65	-43	670	289	-57	784	354	-55
Oshawa		338	303	-10	1,134	482	-57	1,472	785	-47
Ottawa-Gatineau		1,325	1,239	-6	6,919	7,713	11	8,244	8,952	9
Gatineau		276	308	12	2,084	1,476	-29	2,360	1,784	-24
Ottawa		1,049	931	-11	4,835	6,237	29	5,884	7,168	22
Peterborough		102	58	-43	113	17	-85	215	75	-65
Québec		452	529	17	4,794	6,091	27	5,246	6,620	26
Red Deer		67	96	43	247	241	-2	314	337	7
Regina		204	284	39	734	1,121	53	938	1,405	50
Saguenay		152	182	20	215	327	52	367	509	39
St. Catharines-Niagara		517	316	-39	781	1,185	52	1,298	1,501	16
Saint John		166	175	5	438	244	-44	604	419	-31
St. John's		388	474	22	196	272	39	584	746	28
Saskatoon		647	928	43	1,228	1,833	49	1,875	2,761	47
Sherbrooke		220	197	-10	953	988	4	1,173	1,185	1
Thunder Bay		56	78	39	130	111	-15	186	189	2
Toronto		3,389	2,405	-29	28,559	17,724	-38	31,948	20,129	-37
Trois-Rivières		160	135	-16	1,269	893	-30	1,429	1,028	-28
Vancouver		1,645	1,562	-5	18,858	18,811	0	20,503	20,373	-1
Victoria		216	211	-2	2,850	3,560	25	3,066	3,771	23
Windsor		335	250	-25	1,394	621	-55	1,729	871	-50
Winnipeg		1,071	1,497	40	2,614	3,026	16	3,685	4,523	23
Total		26,431	25,962	-2	125,412	133,611	7	151,843	159,573	5
1Data for 2022 based on 2016 Census Definitions and data for 2023, 2024 and 2025 based on 2021 Census Definitions.
Source: CMHC Starts and Completion Survey, Market Absorption Survey

Housing Start Data in Centres 10,000 Population and Over
	Single-Detached			All Others			Total
	September 2024	September 2025	%	September 2024	September 2025	%	September 2024	September 2025	%
Provinces (10,000+)
N.-L.	58	80	38	45	35	-22	103	115	12
P.E.I.	36	37	3	0	41	##	36	78	##
N.S.	177	193	9	246	370	50	423	563	33
N.B.	107	112	5	539	312	-42	646	424	-34
Atlantic	378	422	12	830	758	-9	1,208	1,180	-2
Qc	402	443	10	3,554	4,158	17	3,956	4,601	16
Ont.	1,477	868	-41	3,981	6,597	66	5,458	7,465	37
Man.	170	200	18	281	736	162	451	936	##
Sask.	147	182	24	359	552	54	506	734	45
Alta.	1,441	1,405	-2	2,325	3,132	35	3,766	4,537	20
Prairies	1,758	1,787	2	2,965	4,420	49	4,723	6,207	31
B.C.	420	383	-9	3,041	2,539	-17	3,461	2,922	-16
Canada (10,000+)	4,435	3,903	-12	14,371	18,472	29	18,806	22,375	19
Metropolitan Areas
Abbotsford-Mission	26	9	-65	247	226	-9	273	235	-14
Barrie	47	27	-43	115	9	-92	162	36	-78
Belleville - Quinte West	38	13	-66	11	78	##	49	91	86
Brantford	37	12	-68	20	68	240	57	80	40
Calgary	660	635	-4	1,430	1,626	14	2,090	2,261	8
Chilliwack	17	13	-24	4	93	##	21	106	##
Drummondville	15	12	-20	67	130	94	82	142	73
Edmonton	637	547	-14	798	1,236	55	1,435	1,783	24
Fredericton	37	35	-5	26	32	23	63	67	6
Greater/Grand Sudbury	18	6	-67	21	2	-90	39	8	-79
Guelph	7	2	-71	44	40	-9	51	42	-18
Halifax	64	85	33	166	290	75	230	375	63
Hamilton	51	20	-61	415	7	-98	466	27	-94
Kamloops	1	5	##	64	2	-97	65	7	-89
Kelowna	34	23	-32	425	72	-83	459	95	-79
Kingston	25	2	-92	9	3	-67	34	5	-85
Kitchener-Cambridge-Waterloo	22	29	32	119	1,230	##	141	1,259	##
Lethbridge	22	42	91	0	2	##	22	44	##
London	58	48	-17	149	1,054	##	207	1,102	##
Moncton	29	30	3	414	118	-71	443	148	-67
Montréal	108	120	11	1,003	2,490	148	1,111	2,610	##
Nanaimo	8	6	-25	4	11	175	12	17	42
Oshawa	36	43	19	14	56	300	50	99	98
Ottawa-Gatineau	216	115	-47	1,672	421	-75	1,888	536	-72
Gatineau	32	22	-31	346	40	-88	378	62	-84
Ottawa	184	93	-49	1,326	381	-71	1,510	474	-69
Peterborough	3	7	##	18	0	###	21	7	-67
Québec	49	72	47	547	634	16	596	706	18
Red Deer	14	7	-50	0	9	##	14	16	14
Regina	43	49	14	31	263	##	74	312	##
Saguenay	10	16	60	50	56	12	60	72	20
St. Catharines-Niagara	60	18	-70	10	19	90	70	37	-47
Saint John	26	31	19	75	72	-4	101	103	2
St. John's	48	76	58	36	34	-6	84	110	31
Saskatoon	95	127	34	317	289	-9	412	416	1
Sherbrooke	31	18	-42	242	222	-8	273	240	-12
Thunder Bay	15	19	27	28	48	71	43	67	56
Toronto	554	361	-35	1,179	3,317	181	1,733	3,678	##
Trois-Rivières	43	18	-58	620	92	-85	663	110	-83
Vancouver	209	215	3	1,774	1,753	-1	1,983	1,968	-1
Victoria	29	21	-28	331	203	-39	360	224	-38
Windsor	51	24	-53	268	106	-60	319	130	-59
Winnipeg	139	164	18	139	650	368	278	814	##
Total	3,632	3,122	-14	12,902	17,063	32	16,534	20,185	22
Data for 2022 based on 2016 Census Definitions and data for 2023, 2024 and 2025 based on 2021 Census Definitions.
Source: CMHC Starts and Completion Survey, Market Absorption Survey
## not calculable / extreme value

Housing Start Data - Seasonally Adjusted at Annual Rates (SAAR)
	Single-Detached			All Others			Total
	August 2025	September 2025	%	August 2025	September 2025	%	August 2025	September 2025	%
Provinces (10,000+)
N.L.	474	740	56	367	353	-4	841	1,093	30
P.E.I.	350	467	33	1,968	492	-75	2,318	959	-59
N.S.	1,703	1,543	-9	5,187	4,255	-18	6,890	5,798	-16
N.B.	945	1,069	13	5,743	3,760	-35	6,688	4,829	-28
Qc	4,874	4,890	0	40,970	44,355	8	45,844	49,245	7
Ont.	9,763	9,210	-6	44,422	76,591	72	54,185	85,801	58
Man.	2,059	2,227	8	6,972	8,832	27	9,031	11,059	22
Sask.	1,732	1,664	-4	2,724	6,624	143	4,456	8,288	86
Alta.	13,999	15,261	9	31,599	37,850	20	45,598	53,111	16
B.C.	4,182	3,965	-5	39,375	30,197	-23	43,557	34,162	-22
Canada (10,000+)	40,081	41,036	2	179,327	213,309	19	219,408	254,345	16
Canada (All Areas)	54,838	55,408	1	189,703	223,825	18	244,543	279,234	14
Metropolitan Areas
Abbotsford-Mission	172	15	-91	804	2,712	237	976	2,727	179
Barrie	134	257	92	216	108	-50	350	365	4
Belleville - Quinte West	154	147	-5	12	936	##	166	1,083	##
Brantford	343	261	-24	2,112	816	-61	2,455	1,077	-56
Calgary	5,774	6,672	16	18,768	19,512	4	24,542	26,184	7
Chilliwack	150	82	-45	150	1,116	##	186	1,198	##
Drummondville	150	163	9	924	1,560	69	1,074	1,723	60
Edmonton	6,487	6,308	-3	12,156	14,832	22	18,643	21,140	13
Fredericton	236	308	31	612	384	-37	848	692	-18
Greater/Grand Sudbury	110	132	20	168	24	-86	278	156	-44
Guelph	41	23	-44	12	480	##	53	503	##
Halifax	944	852	-10	4,452	3,480	-22	5,396	4,332	-20
Hamilton	533	154	-71	2,016	84	-96	2,549	238	-91
Kamloops	10	63	##	0	24	##	10	87	##
Kelowna	124	317	##	156	864	454	280	1,181	322
Kingston	183	16	-91	48	36	-25	231	52	-77
Kitchener-Cambridge-Waterloo	388	437	13	7,356	14,760	101	7,744	15,197	96
Lethbridge	237	467	97	12	24	100	249	491	97
London	422	458	9	1,032	12,648	##	1,454	13,106	##
Moncton	355	287	-19	3,924	1,416	-64	4,279	1,703	-60
Montréal	1,275	1,245	-2	19,098	29,694	55	20,373	30,939	52
Nanaimo	97	81	-16	1,308	132	-90	1,405	213	-85
Oshawa	504	395	-22	2,280	672	-71	2,784	1,067	-62
Ottawa-Gatineau	1,743	1,161	-33	4,248	5,052	19	5,991	6,213	4
Gatineau	548	239	-56	1,212	480	-60	1,760	719	-59
Ottawa	1,195	922	-23	3,036	4,572	51	4,231	5,494	30
Peterborough	85	129	52	0	0	-	85	129	52
Québec	609	776	27	4,320	7,608	76	4,929	8,384	70
Red Deer	117	62	-47	156	108	-31	273	170	-38
Regina	362	380	5	564	3,156	460	926	3,536	282
Saguenay	216	249	15	240	672	180	456	921	102
St. Catharines-Niagara	451	197	-56	2,328	228	-90	2,779	425	-85
Saint John	283	295	4	144	864	##	427	1,159	171
St. John's	487	773	59	396	408	3	883	1,181	34
Saskatoon	1,335	1,274	-5	2,160	3,468	61	3,495	4,742	36
Sherbrooke	210	177	-16	408	2,664	##	618	2,841	360
Thunder Bay	114	129	13	0	576	##	114	705	##
Toronto	3,232	3,578	11	22,032	39,804	81	25,264	43,382	72
Trois-Rivières	150	183	22	1,416	1,104	-22	1,566	1,287	-18
Vancouver	2,165	2,231	3	27,804	21,036	-24	29,969	23,267	-22
Victoria	380	238	-37	7,140	2,436	-66	7,520	2,674	-64
Windsor	297	234	-21	552	1,272	130	849	1,506	77
Winnipeg	1,637	1,872	14	6,204	7,800	26	7,841	9,672	23
Data for 2022 based on 2016 Census Definitions and data for 2023, 2024 and 2025 based on 2021 Census Definitions.
Source: CMHC Starts and Completion Survey, Market Absorption Survey
## not calculable / extreme value

SOURCE Canada Mortgage and Housing Corporation (CMHC)

Information on this release: To request an interview with a CMHC economist, contact: Media Relations, CMHC, [email protected]