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Housing starts for March 2025

Ottawa, April 15, 2025

The six-month trend in housing starts decreased 0.7% in March to 235,316 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 decreased 3.3% in March (214,155 units) compared to February (221,405 units).

Actual housing starts were down 12.5% year-over-year in centres with a population of 10,000 or greater, with 14,924 units recorded in March, compared to 17,052 in March 2024.

Key facts:

  • The monthly SAAR for Canada’s centres with a population of 10,000 or greater decreased 2.8% in March (203,285 units) compared to February (209,093 units).
  • The rural starts monthly SAAR estimate was 10,870 units.
  • Among Canada’s big 3 cities, Montreal posted a 138% year-over-year increase in actual housing starts in March, with increases in multi-unit starts. Vancouver recorded a 59% decrease and starts in Toronto fell 65% from March 2024, driven lower by decreases in multi-unit starts in Vancouver and both multi-unit and single-detached starts in Toronto.
  • 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 April housing starts data on May 15 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 we collect as part of our 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. Our mortgage insurance products support access to home ownership and the creation and maintenance of rental supply. We actively support the Government of Canada in delivering on its commitment to make housing more affordable. Our research and data help inform housing policy. By facilitating cooperation between all levels of government, private and non-profit sectors, we contribute to advancing housing affordability, equity, and climate compatibility.

Follow us on X (formerly Twitter), YouTube, LinkedIn, Facebook and Instagram.

Related links:

  • Housing starts for February 2025
  • 2025 Housing Market Outlook
  • 2024 Rental Market Report
  • Solving the housing crisis is a marathon not a sprint
  • High housing costs making it harder to move for jobs many are seeking
  • Canada’s potential capacity for housing construction

Information on this release:

As a federal Crown Corporation, CMHC respects the Caretaker Convention regarding federal elections. As a result, we will not be conducting interviews or providing comments during this period. If you have technical questions about our data, we will do our best to respond, in writing.

Media Relations, CMHC
media@cmhc-schl.gc.ca

March housing starts in Canada — all areas

Housing Start Data in Centres 10,000 Population and Over (Province)
January – March 2024 – 2025
  Single-Detached All Others Total
2024 2025 % 2024 2025 % 2024 2025 %
N.-L. 65 72 11 39 51 31 104 123 18
P.E.I. 22 42 91 306 247 -19 328 289 -12
N.S. 272 221 -19 1,697 1,283 -24 1,969 1,504 -24
N.B. 69 79 14 536 594 11 605 673 11
Atlantic 428 414 -3 2,578 2,175 -16 3,006 2,589 -14
Que. 731 702 -4 6,026 9,435 57 6,757 10,137 50
Ont. 2,182 1,586 -27 15,478 9,352 -40 17,660 10,938 -38
Man. 352 459 30 645 903 40 997 1,362 37
Sask. 187 305 63 472 990 110 659 1,295 97
Alta. 2,804 3,279 17 6,940 8,191 18 9,744 11,470 18
Prairies 3,343 4,043 21 8,057 10,084 25 11,400 14,127 24
B.C. 835 759 -9 9,910 6,752 -32 10,745 7,511 -30
Canada 7,519 7,504 0 42,049 37,798 -10 49,568 45,302 -9

1 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

Housing Start Data in Centres 10,000 Population and Over (Metropolitan Areas)
January – March 2024 – 2025
  Single-Detached All Others Total
2024 2025 % 2024 2025 % 2024 2025 %
Abbotsford – Mission 29 27 -7 278 655 136 307 682 122
Barrie 83 16 -81 20 64 220 103 80 -22
Belleville – Quinte West 36 21 -42 71 165 132 107 186 74
Brantford 44 49 11 8 311 ## 52 360 ##
Calgary 1,479 1,507 2 3,906 4,764 22 5,385 6,271 16
Chilliwack 30 27 -10 134 116 -13 164 143 -13
Drummondville 27 46 70 70 197 181 97 243 151
Edmonton 1,046 1,488 42 2,441 2,607 7 3,487 4,095 17
Fredericton 22 20 -9 7 125 ## 29 145 400
Greater/Grand Sudbury 28 5 -82 2 5 150 30 10 -67
Guelph 8 4 -50 102 1 -99 110 5 -95
Halifax 141 154 9 1,571 1,207 -23 1,712 1,361 -21
Hamilton 97 41 -58 412 446 8 509 487 -4
Kamloops 24 33 38 12 102 ## 36 135 275
Kelowna 55 50 -9 796 491 -38 851 541 -36
Kingston 35 29 -17 27 183 ## 62 212 242
Kitchener – Cambridge – Waterloo 87 70 -20 390 789 102 477 859 80
Lethbridge 40 62 55 98 122 24 138 184 33
London 89 101 13 854 195 -77 943 296 -69
Moncton 10 15 50 277 421 52 287 436 52
Montréal 184 213 16 2,631 5,114 94 2,815 5,327 89
Nanaimo 38 20 -47 182 87 -52 220 107 -51
Oshawa 58 21 -64 450 67 -85 508 88 -83
Ottawa – Gatineau 268 352 31 1,427 2,257 58 1,695 2,609 54
Gatineau 61 43 -30 438 503 15 499 546 9
Ottawa 207 309 49 989 1,754 77 1,196 2,063 72
Peterborough 21 17 -19 0 3 ## 21 20 -5
Québec 83 126 52 1,338 1,351 1 1,421 1,477 4
Red Deer 12 29 142 174 17 -90 186 46 -75
Regina 34 80 135 246 431 75 280 511 83
Saguenay 55 29 -47 69 138 100 124 167 35
St. Catharines – Niagara 161 77 -52 205 334 63 366 411 12
Saint John 24 23 -4 208 26 -88 232 49 -79
St. John's 53 71 34 39 51 31 92 122 33
Saskatoon 138 203 47 222 504 127 360 707 96
Sherbrooke 53 37 -30 219 218 0 272 255 -6
Thunder Bay 2 3 50 30 20 -33 32 23 -28
Toronto 870 546 -37 11,278 4,526 -60 12,148 5,072 -58
Trois-Rivières 14 30 114 249 159 -36 263 189 -28
Vancouver 380 403 6 7,247 4,431 -39 7,627 4,834 -37
Victoria 72 49 -32 844 563 -33 916 612 -33
Windsor 43 50 16 222 73 -67 265 123 -54
Winnipeg 313 406 30 600 783 31 913 1,189 30
Total 6,286 6,550 4 39,356 34,119 -13 45,642 40,669 -11

1 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

Housing Start Data in Centres 10,000 Population and Over (Provinces)
  Single-Detached All Others Total
Mar. 2024 Mar. 2025 % Mar. 2024 Mar. 2025 % Mar. 2024 Mar. 2025 %
N.-L. 8 21 163 1 10 ## 9 31 244
P.E.I. 1 12 ## 54 7 -87 55 19 -65
N.S. 88 88 - 482 364 -24 570 452 -21
N.B. 17 26 53 34 280 ## 51 306 ##
Atlantic 114 147 29 571 661 16 685 808 18
Qc 293 281 -4 1,959 3,278 67 2,252 3,559 58
Ont. 916 514 -44 4,606 2,448 -47 5,522 2,962 -46
Man. 117 151 29 247 481 95 364 632 74
Sask. 76 145 91 164 481 193 240 626 161
Alta. 1,000 1,180 18 2,122 2,778 31 3,122 3,958 27
Prairies 1,193 1,476 24 2,533 3,740 48 3,726 5,216 40
B.C. 266 269 1 4,601 2,110 -54 4,867 2,379 -51
Canada (10,000+) 2,782 2,687 -3 14,270 12,237 -14 17,052 14,924 -12

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 in Centres 10,000 Population and Over (Metropolitan Areas)
  Single-Detached All Others Total
Mar. 2024 Mar. 2025 % Mar. 2024 Mar. 2025 % Mar. 2024 Mar. 2025 %
Abbotsford – Mission 8 13 63 144 223 55 152 236 55
Barrie 43 1 -98 4 13 225 47 14 -70
Belleville – Quinte West 13 5 -62 1 0 -100 14 5 -64
Brantford 20 35 75 0 69 ## 20 104 420
Calgary 532 455 -14 1,228 1,780 45 1,760 2,235 27
Chilliwack 7 9 29 125 70 -44 132 79 -40
Drummondville 20 30 50 32 112 250 52 142 173
Edmonton 370 620 68 792 786 -1 1,162 1,406 21
Fredericton 6 1 -83 0 123 ## 6 124 ##
Greater / Grand Sudbury 0 3 ## 0 5 ## 0 8 ##
Guelph 4 3 -25 6 0 -100 10 3 -70
Halifax 50 63 26 445 346 -22 495 409 -17
Hamilton 35 14 -60 17 19 12 52 33 -37
Kamloops 13 7 -46 2 10 400 15 17 13
Kelowna 16 22 38 379 46 -88 395 68 -83
Kingston 6 10 67 9 0 -100 15 10 -33
Kitchener – Cambridge – Waterloo 53 41 -23 75 329 339 128 370 189
Lethbridge 9 21 133 2 19 ## 11 40 264
London 42 46 10 507 107 -79 549 153 -72
Moncton 2 4 100 14 149 ## 16 153 ##
Montréal 72 60 -17 738 1,870 153 810 1,930 138
Nanaimo 2 12 ## 1 8 ## 3 20 ##
Oshawa 24 6 -75 78 63 -19 102 69 -32
Ottawa – Gatineau 113 106 -6 594 620 4 707 726 3
Gatineau 15 13 -13 149 102 -32 164 115 -30
Ottawa 98 93 -5 445 518 16 543 611 13
Peterborough 13 2 -85 0 2 ## 13 4 -69
Québec 29 57 97 520 370 -29 549 427 -22
Red Deer 6 6 - 2 3 50 8 9 13
Regina 19 41 116 74 33 -55 93 74 -20
Saguenay 23 13 -43 29 30 3 52 43 -17
St. Catharines – Niagara 43 33 -23 80 62 -23 123 95 -23
Saint John 6 15 150 0 0 - 6 15 150
St. John's 4 21 425 1 10 ## 5 31 ##
Saskatoon 51 95 86 88 424 382 139 519 273
Sherbrooke 18 17 -6 134 96 -28 152 113 -26
Thunder Bay 1 0 ### 24 6 -75 25 6 -76
Toronto 352 160 -55 3,142 1,065 -66 3,494 1,225 -65
Trois-Rivières 3 16 433 31 96 210 34 112 229
Vancouver 117 135 15 3,339 1,288 -61 3,456 1,423 -59
Victoria 30 22 -27 429 344 -20 459 366 -20
Windsor 22 19 -14 22 9 -59 44 28 -36
Winnipeg 103 136 32 234 455 94 337 591 75
Total 2,300 2,375 3 13,342 11,060 -17 15,642 13,435 -14

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) (Provinces — 10,000+)
  Single-Detached  All Others Total
Feb. 2025 Mar. 2025 % Feb. 2025 Mar. 2025 % Feb. 2025 Mar. 2025 %
N.L. 625 702 12 431 244 -43 1,056 946 -10
P.E.I. 554 490 -12 552 84 -85 1,106 574 -48
N.S. 957 1,698 77 5,244 4,613 -12 6,201 6,311 2
N.B. 853 1,328 56 3,252 3,444 6 4,105 4,772 16
Qc 4,759 4,643 -2 42,523 50,553 19 47,282 55,196 17
Ont. 9,268 7,745 -16 47,297 30,901 -35 56,565 38,646 -32
Man. 2,292 2,277 -1 1,908 5,772 203 4,200 8,049 92
Sask. 1,936 2,125 10 4,308 5,772 34 6,244 7,897 26
Alta. 17,727 18,138 2 37,059 33,588 -9 54,786 51,726 -6
B.C. 3,747 3,866 3 23,801 25,302 6 27,548 29,168 6
Canada (10,000+) 42,718 43,012 1 166,375 160,273 -4 209,093 203,285 -3
Canada (All Areas) 49,637 49,667 0 171,768 164,484 -4 221,405 214,155 -3

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) (Metropolitan Areas)
  Single-Detached All Others Total
Feb. 2025 Mar. 2025 % Feb. 2025 Mar. 2025 % Feb. 2025 Mar. 2025 %
Abbotsford – Mission 71 177 149 1,824 2,676 47 1,895 2,853 51
Barrie 308 20 -94 396 156 -61 704 176 -75
Belleville – Quinte West 199 185 -7 1,980 0 -100 2,179 185 -92
Brantford 96 439 357 0 828 ## 96 1,267 ##
Calgary 7,436 6,968 -6 22,884 21,360 -7 30,320 28,328 -7
Chilliwack 122 122 - 122 840 ## 626 962 54
Drummondville 260 288 11 804 1,344 67 1,064 1,632 53
Edmonton 8,046 9,085 13 11,304 9,432 -17 19,350 18,517 -4
Fredericton 363 59 -84 0 1,476 ## 363 1,535 323
Greater / Grand Sudbury 95 94 -1 0 60 ## 95 154 62
Guelph 1 45 ## 0 0 - 1 45 ##
Halifax 786 1,103 40 4,920 4,152 -16 5,706 5,255 -8
Hamilton 243 165 -32 4,920 228 -95 5,163 393 -92
Kamloops 298 111 -63 1,008 120 -88 1,306 231 -82
Kelowna 294 301 2 1,224 552 -55 1,518 853 -44
Kingston 226 262 16 204 0 -100 430 262 -39
Kitchener – Cambridge – Waterloo 208 410 97 3,372 3,948 17 3,580 4,358 22
Lethbridge 355 603 70 0 228 ## 355 831 134
London 436 703 61 792 1,284 62 1,228 1,987 62
Moncton 277 436 57 3,168 1,788 -44 3,445 2,224 -35
Montréal 1,169 1,070 -8 10,301 22,465 118 11,470 23,535 105
Nanaimo 74 112 51 948 96 -90 1,022 208 -80
Oshawa 241 88 -63 48 756 ## 289 844 192
Ottawa – Gatineau 2,828 1,890 -33 11,424 7,440 -35 14,252 9,330 -35
Gatineau 240 275 15 1,092 1,224 12 1,332 1,499 13
Ottawa 2,588 1,615 -38 10,332 6,216 -40 12,920 7,831 -39
Peterborough 303 25 -92 12 24 100 315 49 -84
Québec 645 822 27 5,916 4,440 -25 6,561 5,262 -20
Red Deer 93 111 19 24 36 50 117 147 26
Regina 592 613 4 3,624 396 -89 4,216 1,009 -76
Saguenay 239 368 54 720 360 -50 959 728 -24
St. Catharines – Niagara 269 487 81 2,268 744 -67 2,537 1,231 -51
Saint John 41 620 ## 0 0 - 41 620 ##
St. John's 589 787 34 228 120 -47 817 907 11
Saskatoon 1,343 1,364 2 468 5,088 ## 1,811 6,452 256
Sherbrooke 247 296 20 828 1,152 39 1,075 1,448 35
Thunder Bay 80 88 10 0 72 ## 80 160 100
Toronto 2,687 2,058 -23 15,744 12,780 -19 18,431 14,838 -19
Trois-Rivières 188 485 158 276 1,152 317 464 1,637 253
Vancouver 1,888 2,107 12 15,324 15,456 1 17,212 17,563 2
Victoria 164 276 68 1,548 4,128 167 1,712 4,404 157
Windsor 399 351 -12 396 108 -73 795 459 -42
Winnipeg 1,911 1,967 3 1,104 5,460 395 3,015 7,427 146

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

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Date Published: April 15, 2025

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