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Housing starts up 5.6% in 2025 from 2024

Ottawa, January 16, 2026

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.

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
  • 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

Information on this release:

To request an interview with a CMHC economist, contact:
Media Relations, CMHC
media@cmhc-schl.gc.ca

December housing starts in Canada — all areas

Housing Start — Seasonally Adjusted at Annual Rates — 6 Month Moving Average (Trend) (Provinces — 10,000+)
December 2025
  Single-Detached  All Others Total
Nov. 2025 Dec. 2025 % Nov. 2025 Dec. 2025 % Nov. 2025 Dec. 2025 %
N.L. 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
Qc 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

Data based on 2021 Census Definitions.
Source: Market Analysis Centre, CMHC

Housing Start — Seasonally Adjusted at Annual Rates — 6 Month Moving Average (Trend) (Metropolitan Areas)
December 2025
  Single-Detached All Others Total
Nov. 2025 Dec. 2025 % Nov. 2025 Dec. 2025 % Nov. 2025 Dec. 2025 %
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

Housing Start Data in Centres 10,000 Population and Over (Province)
January – December 2024 – 2025
  Single-Detached All Others Total
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

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 – December 2024 – 2025
  Single-Detached All Others Total
2024 2025 % 2024 2025 % 2024 2025 %
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

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
Dec. 2024 Dec. 2025 % Dec. 2024 Dec. 2025 % Dec. 2024 Dec. 2025 %
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

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
Dec. 2024 Dec. 2025 % Dec. 2024 Dec. 2025 % Dec. 2024 Dec. 2025 %
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

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Date Published: January 16, 2026

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