Canadian housing starts flat in first half of 2025 amid declines in condo projects

The Canadian Press
September 9, 2025
Category: Finance & Economics
Region: Canada

The Canada Mortgage and Housing Corporation (CMHC) released its fall housing supply report stating growth in overall housing starts was flat during the first half of the year compared with 2024. …CMHC says growth in overall housing starts was flat during the first half of the year compared with 2024, though there were significant regional differences. The agency says cities like Calgary, Edmonton, Montréal, Ottawa and Halifax built homes at paces that were either at or near records or in line with historical averages in the first half of the year. However, slowdowns in Canada’s two most expensive real estate markets weighed on the overall number of housing starts. Tania Bourassa-Ochoa, deputy chief economist for CMHC, says the ongoing construction slowdown in the housing market presents risks to future housing supply.

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