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Housing Supply Report

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Our Housing Supply Report provides insights into new housing supply in Canada’s major cities and urban areas.   

The insights and indicators in this report help us to better understand housing supply. Our Starts and Completions Survey is the primary data source for this analysis. The survey collects data on monthly residential construction activity.

You’ll get:

  • An analysis of new housing construction trends within and across Canada’s 6 largest census metropolitan areas (CMAs). More specifically:
    • relative growth in the housing supply per capita
    • intensity of development (units per structure) and building height
    • diversity of new housing both per dwelling type and intended market
    • spatial distribution of new housing supply
  • New indicators (units per structure, building height, etc.) that are not currently available in our Housing Market Information Portal.
  • Insights into the ways that new housing supply is delivered across Canada
Author:
CMHC
Document Type:
PDF
Date Published:
October 18, 2022
Download

Highlights from the October 2022 Housing Supply Report:

  • Following a boom in 2021, housing starts in the country's 6 largest CMAs fell 5% in the first half of 2022. The decrease in apartments was the main cause of this decline.
  • Housing starts were mixed across Canada’s largest urban centres. Housing starts in the first half of the year were up in Edmonton, Calgary and Toronto. Declines were seen in Vancouver, Ottawa and Montréal.
  • On an annualized basis, however, housing starts in the first half of 2022 remained high when compared to the level of construction completed over the past 5 years.
  • Increases in construction costs and materials shortages were felt across markets. This impacted construction times and affordability.
  • The effects of rising interest rates and construction costs could continue to impact housing starts in the coming months.
  • Rental construction was generally resilient (except for Toronto), due to the strong demand for rental housing. The higher interest-rate environment meant that developers took a more cautious approach to start new condominium apartment projects. 

The Housing Supply Report provides updated data and analysis on new housing supply in Canada’s major cities and urban areas. These insights are released bi-annually and help us to better understand supply responsiveness that contributes to price escalation and housing affordability challenges. 

The analysis identifies characteristics, approaches and innovations in new housing supply that will best contribute to a supply of housing that is:

  • diverse
  • abundant
  • affordable 

These insights allow industry participants to understand the gaps between housing supply trends and future needs. This will help make informed decisions to help improve housing affordability.

Future editions will be enhanced with even more indicators and analysis.

Our Starts and Completions Survey is the primary data source for this report. The survey collects data on monthly residential construction activity.

Sign up to our Housing Research Newsletter to be notified when new insights and other reports are released.

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