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Housing starts up 5.6% in 2025 from 2024 Français

Canada Mortgage and Housing Corporation (CMHC) Logo (CNW Group/Canada Mortgage and Housing Corporation (CMHC))

News provided by

Canada Mortgage and Housing Corporation (CMHC)

Jan 16, 2026, 08:15 ET

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OTTAWA, ON, Jan. 16, 2026 /CNW/ - Nationally, the housing starts total for all areas in Canada in 2025 was 259,028, the fifth highest annual total on record and up 5.6% compared to 2024 (245,367). Actual 2025 housing starts in centres of 10,000 population and over were up 6%, with 241,171 units recorded, compared to 227,697 in 2024, according to Canada Mortgage and Housing Corporation (CMHC). These increases were driven by a second consecutive year of record rental housing starts which made up just over half of all housing starts in Canada's urban centres.

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Housing starts up 5.6% in 2025 from 2024 (CNW Group/Canada Mortgage and Housing Corporation (CMHC))
Housing starts up 5.6% in 2025 from 2024 (CNW Group/Canada Mortgage and Housing Corporation (CMHC))
Mathieu Laberge, Chief Economist and Senior Vice-President, Housing Economics and Insights for CMHC (CNW Group/Canada Mortgage and Housing Corporation (CMHC))
Mathieu Laberge, Chief Economist and Senior Vice-President, Housing Economics and Insights for CMHC (CNW Group/Canada Mortgage and Housing Corporation (CMHC))

Canada's six largest Census Metropolitan Areas (CMAs) saw a combined 3.9% year-over-year increase from 2024, driven by record annual starts in Calgary and Edmonton, a 58% year-over-year increase in annual starts in Montréal, and a 12% increase in Ottawa-Gatineau. These results made up for year-over-year decreases in Toronto (-31%) and Vancouver (-3%).

Monthly Housing Starts:

The six-month trend in housing starts was flat (-0.1%) in December (264,428 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.

The total monthly SAAR of housing starts for all areas in Canada was up 11% in December (282,439 units) compared to November (254,625 units).

Actual housing starts increased 25% year-over-year in centres with a population of 10,000 or greater, with 20,716 units recorded in December, compared to 16,531 units in December 2024. This marks the most actual housing starts for December on record, primarily driven by increases in Ontario, which had its highest monthly starts total of 2025.

Quote:
"While housing starts in 2025 finished ahead of 2024 and inched up in December, most of the momentum in housing construction occurred in the Spring and Summer. Since September, the trend in housing starts has consistently decreased. In 2025, economic uncertainty and the diminished viability of large residential towers encouraged a shift towards smaller-scale projects," said Mathieu Laberge, Chief Economist and SVP, Housing Insights at CMHC. "As such, housing starts are beginning this year from a weaker position and market intelligence suggests slowing momentum for residential construction. These trends, along with geopolitical and trade uncertainty, remain top of mind as we expect to release an updated Housing Market Outlook in February."

Key Facts:

  • As part of the Modernizing Housing Data initiative, new housing completions data for centres with a population of 10,000+ and absorptions data for centres with a population of 50,000+ is now available on the Housing Market Information Portal.
  • The rural starts monthly SAAR estimate was 12,271 units.
  • Among Canada's big three cities, all saw year-over-year increases in December. Toronto led the way with a 151% increase, driven by higher multi-unit starts. Montreal posted a 123% year-over-year increase, driven by higher starts across all dwelling types. Vancouver recorded a +17% increase in December, also driven by multi-unit starts.
  • 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 January housing starts data on February 16 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 November 2025
  • 2025 Year-In-Review
  • Housing shortages in Canada
  • We built this city on… Development charges
  • Framework for change: Productivity in housing construction
  • Unlocking housing supply: Why scale really matters

Table 1: Housing Starts - Seasonally Adjusted at Annual Rates - 6 Month Moving Average (Trend)

December



Single-Detached 

All Others








Total



November 2025

December 2025

%

November 2025

December 2025

%

November 2025

December 2025

%

Provinces (10,000+)










Nfld.Lab.


714

736

3

457

450

-2

1,171

1,187

1

P.E.I.    


350

351

0

906

998

10

1,256

1,349

7

N.S.    


1,676

1,603

-4

7,161

7,653

7

8,837

9,256

5

N.B.    


1,021

1,082

6

6,409

5,866

-8

7,430

6,947

-7

Que.   


4,862

4,802

-1

48,078

49,983

4

52,940

54,785

3

Ont.    


10,378

9,942

-4

51,105

57,362

12

61,482

67,304

9

Man.    


2,223

2,227

0

6,138

5,908

-4

8,361

8,135

-3

Sask.    


1,761

1,874

6

3,658

3,698

1

5,419

5,572

3

Alta.    


14,178

13,821

-3

38,849

35,802

-8

53,026

49,623

-6

B.C.    


4,202

4,291

2

40,826

37,730

-8

45,028

42,021

-7

Canada (10,000+)

41,363

40,727

-2

203,586

205,450

1

244,949

246,177

1

Canada (All Areas)

52,742

50,938

-3

211,974

213,490

1

264,716

264,428

0

Metropolitan Areas










Abbotsford-Mission

184

181

-2

2,044

1,502

-27

2,228

1,683

-24

Barrie


215

195

-9

976

914

-6

1,191

1,109

-7

Belleville - Quinte West

180

174

-3

472

568

20

652

742

14

Brantford


363

278

-23

834

592

-29

1,197

870

-27

Calgary


6,148

5,934

-3

21,336

19,664

-8

27,484

25,598

-7

Chilliwack


137

130

-5

384

432

13

521

562

8

Drummondville

223

201

-10

1,380

1,366

-1

1,603

1,567

-2

Edmonton


6,078

5,939

-2

16,062

14,610

-9

22,140

20,549

-7

Fredericton


319

323

1

1,738

1,440

-17

2,057

1,763

-14

Greater/Grand Sudbury

125

113

-10

326

344

6

451

456

1

Guelph


28

30

7

226

506

124

254

536

111

Halifax


861

841

-2

5,956

6,454

8

6,817

7,296

7

Hamilton


404

360

-11

2,468

4,074

65

2,872

4,434

54

Kamloops


65

86

32

440

450

2

505

536

6

Kelowna


251

241

-4

2,476

1,318

-47

2,727

1,559

-43

Kingston


256

226

-12

1,158

332

-71

1,414

558

-61

Kitchener-Cambridge-Waterloo

514

538

5

4,584

5,588

22

5,098

6,126

20

Lethbridge


359

372

4

46

118

157

405

490

21

London


418

382

-9

4,492

4,224

-6

4,910

4,606

-6

Moncton


310

326

5

3,146

2,790

-11

3,456

3,117

-10

Montréal


1,331

1,477

11

29,380

28,750

-2

30,711

30,227

-2

Nanaimo


107

109

2

434

362

-17

541

471

-13

Oshawa


362

418

15

938

932

-1

1,300

1,350

4

Ottawa-Gatineau

1,652

1,708

3

9,558

11,132

16

11,210

12,840

15

  Gatineau


429

350

-18

1,258

1,254

0

1,687

1,604

-5

  Ottawa


1,223

1,358

11

8,300

9,878

19

9,523

11,236

18

Peterborough

87

88

1

28

28

-

115

116

1

Québec


688

663

-4

7,652

6,842

-11

8,340

7,505

-10

Red Deer


138

115

-17

116

118

2

254

233

-8

Regina


391

408

4

1,108

1,040

-6

1,499

1,447

-3

Saguenay


236

257

9

460

706

53

696

963

38

St. Catharines-Niagara

452

503

11

2,038

2,644

30

2,490

3,147

26

Saint John


251

276

10

594

598

1

845

874

3

St. John's


670

688

3

450

426

-5

1,120

1,114

-1

Saskatoon


1,299

1,406

8

2,514

2,642

5

3,813

4,047

6

Sherbrooke


247

242

-2

1,864

1,740

-7

2,111

1,982

-6

Thunder Bay

87

78

-10

196

184

-6

283

262

-7

Toronto


3,399

3,000

-12

21,540

23,440

9

24,939

26,440

6

Trois-Rivières

147

159

8

1,342

1,258

-6

1,489

1,417

-5

Vancouver


2,205

2,258

2

26,934

26,440

-2

29,139

28,698

-2

Victoria


362

333

-8

5,672

4,674

-18

6,034

5,007

-17

Windsor


308

304

-1

1,426

1,332

-7

1,734

1,636

-6

Winnipeg


1,903

1,877

-1

5,140

4,910

-4

7,043

6,787

-4

Data based on 2021 Census Definitions.





Source:  Market Analysis Centre, CMHC









Table 2











Housing Start Data in Centres 10,000 Population and Over
















January - December 2024 - 2025








Area


Single-Detached 



All Others



Total



Province













2024

2025

%

2024

2025

%

2024

2025

%

N.L.


644

708

10

370

423

14

1,014

1,131

12

P.E.I.    


267

333

25

1,067

943

-12

1,334

1,276

-4

N.S.    


1,609

1,626

1

5,054

7,106

41

6,663

8,732

31

N.B.    


974

1,016

4

4,013

4,701

17

4,987

5,717

15

Atlantic


3,494

3,683

5

10,504

13,173

25

13,998

16,856

20

Que.   


4,537

4,759

5

36,684

49,461

35

41,221

54,220

32

Ont.    


13,161

10,057

-24

58,957

52,504

-11

72,118

62,561

-13

Man.    


1,714

2,254

32

4,450

4,885

10

6,164

7,139

16

Sask.    


1,337

1,828

37

2,654

3,851

45

3,991

5,679

42

Alta.    


15,696

15,146

-4

30,936

38,038

23

46,632

53,184

14

Prairies


18,747

19,228

3

38,040

46,774

23

56,787

66,002

16

B.C.    


4,444

4,124

-7

39,129

37,408

-4

43,573

41,532

-5

Canada


44,383

41,851

-6

183,314

199,320

9

227,697

241,171

6

Metropolitan Areas






















Abbotsford-Mission

182

180

-1

1,001

1,945

94

1,183

2,125

80

Barrie


453

190

-58

1,052

612

-42

1,505

802

-47

Belleville - Quinte West


229

168

-27

158

468

196

387

636

64

Brantford


207

300

45

152

1,350

##

359

1,650

360

Calgary


7,100

6,688

-6

17,269

20,996

22

24,369

27,684

14

Chilliwack


149

132

-11

501

466

-7

650

598

-8

Drummondville


171

225

32

889

1,164

31

1,060

1,389

31

Edmonton


6,976

6,612

-5

11,408

14,725

29

18,384

21,337

16

Fredericton


317

305

-4

432

1,122

160

749

1,427

91

Greater/Grand Sudbury


131

95

-27

523

260

-50

654

355

-46

Guelph


63

33

-48

389

288

-26

452

321

-29

Halifax


816

817

0

4,265

6,183

45

5,081

7,000

38

Hamilton


416

344

-17

2,211

2,802

27

2,627

3,146

20

Kamloops


88

90

2

542

351

-35

630

441

-30

Kelowna


361

262

-27

3,429

2,338

-32

3,790

2,600

-31

Kingston


239

213

-11

776

881

14

1,015

1,094

8

Kitchener-Cambridge-Waterloo


376

433

15

3,035

3,873

28

3,411

4,306

26

Lethbridge


272

371

36

443

249

-44

715

620

-13

London


564

451

-20

3,607

2,655

-26

4,171

3,106

-26

Moncton


279

311

11

2,718

2,489

-8

2,997

2,800

-7

Montréal


1,107

1,347

22

16,463

26,430

61

17,570

27,777

58

Nanaimo


169

104

-38

860

344

-60

1,029

448

-56

Oshawa


425

376

-12

1,166

638

-45

1,591

1,014

-36

Ottawa-Gatineau

1,916

1,775

-7

9,633

11,209

16

11,549

12,984

12

  Gatineau


401

378

-6

3,254

1,742

-46

3,655

2,120

-42

  Ottawa


1,515

1,397

-8

6,379

9,467

48

7,894

10,864

38

Peterborough


134

83

-38

179

17

-91

313

100

-68

Québec


589

704

20

6,316

7,879

25

6,905

8,583

24

Red Deer


96

130

35

258

275

7

354

405

14

Regina


288

398

38

935

1,289

38

1,223

1,687

38

Saguenay


226

235

4

682

562

-18

908

797

-12

St. Catharines-Niagara


648

452

-30

1,095

2,062

88

1,743

2,514

44

Saint John


230

249

8

537

417

-22

767

666

-13

St. John's


548

652

19

323

385

19

871

1,037

19

Saskatoon


977

1,346

38

1,679

2,466

47

2,656

3,812

44

Sherbrooke


315

251

-20

1,617

1,562

-3

1,932

1,813

-6

Thunder Bay


92

92

-

208

129

-38

300

221

-26

Toronto


4,723

3,257

-31

32,995

22,830

-31

37,718

26,087

-31

Trois-Rivières


196

167

-15

1,488

1,261

-15

1,684

1,428

-15

Vancouver


2,176

2,138

-2

25,936

25,047

-3

28,112

27,185

-3

Victoria


298

309

4

3,887

4,550

17

4,185

4,859

16

Windsor


486

331

-32

1,671

931

-44

2,157

1,262

-41

Winnipeg


1,434

1,943

35

3,717

4,118

11

5,151

6,061

18

Total


36,462

34,559

-5

166,445

179,618

8

202,907

214,177

6

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



December
2024

December
2025

%

December
2024

December
2025

%

December
2024

December
2025

%

Provinces (10,000+)










N.-L.

54

63

17

40

37

-8

94

100

6

P.E.I.    

26

33

27

82

61

-26

108

94

-13

N.S.    

144

130

-10

315

750

138

459

880

92

N.B.    

63

96

52

336

251

-25

399

347

-13

Atlantic

287

322

12

773

1,099

42

1,060

1,421

34

Qc

309

260

-16

2,332

3,715

59

2,641

3,975

51

Ont.    

942

728

-23

4,003

6,819

70

4,945

7,547

53

Man.    

123

149

21

269

132

-51

392

281

-28

Sask.    

111

174

57

154

257

67

265

431

63

Alta.    

1,251

912

-27

2,234

2,344

5

3,485

3,256

-7

Prairies

1,485

1,235

-17

2,657

2,733

3

4,142

3,968

-4

B.C.    

325

338

4

3,418

3,467

1

3,743

3,805

2

Canada (10,000+)

3,348

2,883

-14

13,183

17,833

35

16,531

20,716

25

Metropolitan Areas










Abbotsford-Mission

13

12

-8

117

21

-82

130

33

-75

Barrie

31

7

-77

548

3

-99

579

10

-98

Belleville - Quinte West

23

16

-30

5

67

##

28

83

196

Brantford

11

23

109

2

0

-100

13

23

77

Calgary

514

360

-30

1,203

885

-26

1,717

1,245

-27

Chilliwack

11

7

-36

86

33

-62

97

40

-59

Drummondville

16

12

-25

52

137

163

68

149

119

Edmonton

568

401

-29

877

1,313

50

1,445

1,714

19

Fredericton

23

29

26

4

19

375

27

48

78

Greater/Grand Sudbury

9

4

-56

35

23

-34

44

27

-39

Guelph

6

2

-67

11

150

##

17

152

##

Halifax

78

59

-24

250

650

160

328

709

116

Hamilton

31

22

-29

453

877

94

484

899

86

Kamloops

3

13

333

2

21

##

5

34

##

Kelowna

16

19

19

3

53

##

19

72

279

Kingston

32

4

-88

451

84

-81

483

88

-82

Kitchener-Cambridge-Waterloo

27

37

37

636

526

-17

663

563

-15

Lethbridge

22

46

109

4

46

##

26

92

254

London

50

30

-40

412

158

-62

462

188

-59

Moncton

17

27

59

271

107

-61

288

134

-53

Montréal

52

92

77

988

2,223

125

1,040

2,315

123

Nanaimo

6

9

50

54

4

-93

60

13

-78

Oshawa

18

35

94

4

23

475

22

58

164

Ottawa-Gatineau

192

141

-27

623

1,826

193

815

1,967

141

  Gatineau

36

2

-94

182

98

-46

218

100

-54

  Ottawa

156

139

-11

441

1,728

292

597

1,867

213

Peterborough

5

8

60

0

0

-

5

8

60

Québec

12

18

50

145

129

-11

157

147

-6

Red Deer

7

11

57

5

20

300

12

31

158

Regina

18

31

72

82

14

-83

100

45

-55

Saguenay

45

21

-53

102

131

28

147

152

3

St. Catharines-Niagara

25

59

136

24

575

##

49

634

##

Saint John

15

28

87

47

43

-9

62

71

15

St. John's

42

55

31

29

25

-14

71

80

13

Saskatoon

90

135

50

72

241

235

162

376

132

Sherbrooke

28

15

-46

111

195

76

139

210

51

Thunder Bay

11

3

-73

0

0

-

11

3

-73

Toronto

328

171

-48

652

2,291

251

980

2,462

151

Trois-Rivières

7

7

-

128

51

-60

135

58

-57

Vancouver

156

159

2

2,234

2,642

18

2,390

2,801

17

Victoria

36

45

25

481

418

-13

517

463

-10

Windsor

43

24

-44

57

79

39

100

103

3

Winnipeg

109

126

16

162

67

-59

271

193

-29

Total

2,746

2,323

-15

11,422

16,170

42

14,168

18,493

31

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]

Modal title

Organization Profile

Canada Mortgage and Housing Corporation (CMHC)

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