OTTAWA — The six-month trend in housing starts decreased (1.7%) in November (264,445 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. Actual housing starts were down 3% year-over-year in centres with a population of 10,000 or greater, with 21,870 units recorded in November, compared to 22,501 units in November 2024. The year-to-date total was 219,077 units, up 4% from the same period in 2024. The total monthly SAAR of housing starts for all areas in Canada was up 9.4% in November (254,058 units) compared to October (232,245 units). “Both the six-month trend and actual starts fell in November, showing signs of slowing momentum in residential construction,” said Kevin Hughes, CMHC’s Deputy Chief Economist. “However, on a year-to-date basis, starts are still elevated compared to last year.”