Canada Mortgage and Housing Corp. says the annual pace of housing starts in January rose three per cent compared with December, helped by strength in multi-unit starts in Quebec and B.C. The national housing agency said the seasonally adjusted annual rate of housing starts was 239,739 units in January, up from 232,492 in December. The […]
In January 2025, Canadian housing starts rose by 3% to a seasonally adjusted annual rate of 239,739 units, up from 232,492 in December. This increase was driven by strong multi-unit starts in Quebec and British Columbia, with Montreal experiencing a 112% year-over-year rise and Vancouver a 37% increase. Conversely, Toronto saw a 41% decline in starts. The Canada Mortgage and Housing Corporation (CMHC) cautioned that trade risks, particularly a potential trade war with the U.S., could lead to a recession, thereby slowing housing activity and delaying purchases.
