Housing starts in Canada rose 5.6% in 2025 to 259,028 units, driven by new rental housing and record starts in Calgary, Edmonton, Montreal, and Ottawa-Gatineau. However, starts fell in Toronto and Vancouver. Despite growth, the figure remains below the 430,000-480,000 annual units needed to restore affordability by 2035. Developers favored smaller, mid-density projects amid economic uncertainty. Housing starts are expected to moderate due to slower population growth and rising vacancies.
Continue to full article