Canada’s housing starts rose 5.6% in 2025—but still far from affordability targets.
“Missing middle” homes—townhouses, plexes, row-style—kept construction momentum amid uncertainty.
late-Q4 saw 282,439 annualized starts, but more are needed to restore affordability.
Canada needs 430–480K new units per year by 2035.
Over half of starts were rental homes, showing strong urban rental demand.