April monthly housing starts key highlights:

• The trend in housing starts increased by 3.2% in April with 256,777 units.
• The trend measure is a 6-month moving average of the monthly seasonally adjusted annual rate (SAAR) of total housing starts for all areas in Canada.
• Actual housing starts were down 1% year-over-year in centres with a population of 10,000 or greater. 21,805 units were recorded in April 2026, compared to 21,938 units in April 2025.
• Toronto posted a 34% year-over-year increase in actual housing starts this month driven by higher multi-unit starts.
• Vancouver recorded a 30% decrease due to lower multi-unit and single-detached starts.
• Montréal starts increased 21% due to higher multi-unit starts.

April Standalone Seasonally Adjusted Annual Rate (SAAR):

• The total monthly standalone seasonally adjusted annualized rate of housing starts for all areas in Canada increased 17% in April, at 279,317 units compared to 239,747 units in March. This highlights the volatility of month-over-month starts figures and the caution with which they should be interpreted.
• Rural starts were estimated at a seasonally adjusted annual rate of 13,694 units.

March monthly housing starts key highlights:

• The trend in housing starts decreased by 2.9% in March with 248,378 units.
• The trend measure is a 6-month moving average of the monthly seasonally adjusted annual rate (SAAR) of total housing starts for all areas in Canada.
• Actual housing starts were up 10% year-over-year in centres with a population of 10,000 or greater. 16,398 units were recorded in March 2026, compared to 14,935 units in March 2025.
• Montréal posted an 26% year-over-year increase in actual housing starts driven by higher multi-unit starts.
• Vancouver recorded a 21% increase due to higher multi-unit and single-detached starts.
• Toronto starts increased 23% due to higher multi-unit starts.

March Standalone Seasonally Adjusted Annual Rate (SAAR):

• The total monthly standalone seasonally adjusted annualized rate of housing starts for all areas in Canada decreased 6% in March, at 235,852 units compared to 250,961 units in February. This highlights the volatility of month-over-month starts figures and the caution with which they should be interpreted.
• Rural starts were estimated at a seasonally adjusted annual rate of 11,846 units.

February monthly housing starts key highlights:

• The trend in housing starts increased slightly by 0.4% in February with 256,005 units.
• The trend measure is a 6-month moving average of the monthly seasonally adjusted annual rate (SAAR) of total housing starts for all areas in Canada.
• Actual housing starts were up 10% year-over-year in centres with a population of 10,000 or greater. 15, 886 units were recorded in February 2026, compared to 14,420 units in February 2025.
• Vancouver recorded a 60% increase in actual starts due to higher multi-unit and single-detached starts.
• Toronto declined 28% due to lower multi-unit and single-detached starts.
• Montréal posted a 18% year-over-year increase this month, driven by higher multi-unit and single-detached starts.

February Standalone Seasonally Adjusted Annual Rate (SAAR):

• The total monthly standalone seasonally adjusted annualized rate of housing starts for all areas in Canada increased 4.5% in February, at 238,049 units compared to 250,900 units in January. This highlights the volatility of month-over-month starts figures and the caution with which they should be interpreted.
• Rural starts were estimated at a seasonally adjusted annual rate of 20,400 units.

January monthly housing starts key highlights:

• The trend in housing starts decreased by 3.5% in January with 254,794 units.
• The trend measure is a 6-month moving average of the monthly seasonally adjusted annual rate (SAAR) of total housing starts for all areas in Canada.
• Actual housing starts were up 1% year-over-year in centres with a population of 10,000 or greater. 16,088 units were recorded in January 2026, compared to 15,957 units in January 2025.
• Vancouver recorded a 37% increase in actual starts due to higher multi-unit and single-detached starts.
• Toronto declined 2% due to lower single-detached starts.
• Montréal posted a 44% year-over-year decrease this month, driven by lower multi-unit and single-detached starts.

January Standalone Seasonally Adjusted Annual Rate (SAAR):

• The total monthly standalone seasonally adjusted annualized rate of housing starts for all areas in Canada was down 15% in January, at 238,049 units compared to 280,668 units in December. This highlights the volatility of month-over-month starts figures and the caution with which they should be interpreted.
• Rural starts were estimated at a seasonally adjusted annual rate of 20,485 units.

December monthly housing starts key highlights

• The trend in housing starts was flat at -0.1% in December with 264,428 units.
• The trend measure is a 6-month moving average of the monthly seasonally adjusted annual rate (SAAR) of total housing starts for all areas in Canada.
• Actual housing starts were up 25% year-over-year in centres with a population of 10,000 or greater. 20,716 units were recorded in December 2025, compared to 16,531 units in 2024.
• Canada’s 6 largest Census Metropolitan Areas (CMAs) saw a combined 3.9% year-over-year increase from 2024. This was driven by record annual starts in Calgary and Edmonton, a 58% year-over-year increase in annual starts in Montréal and a 12% increase in Ottawa – Gatineau.
• These results made up for year-over-year decreases in Toronto (-31%) and Vancouver (-3%).

December Standalone Seasonally Adjusted Annual Rate (SAAR)

• The total monthly standalone seasonally adjusted annualized rate of housing starts for all areas in Canada was up 11% in December, at 282,439 units compared to 254,625 units in November.
• The seasonally adjusted annual rate of total urban housing starts in centres with populations of 10,000 or more increased by 12% in December. It totaled 270,168 units, compared to 241,814 units in November.
• Rural starts were estimated at a seasonally adjusted annual rate of 12,271 units.

November monthly housing starts key highlights:

• The trend in housing starts decreased by 1.7% in November to 264,445 units.
• The trend measure is a 6-month moving average of the monthly 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. 21,870 units were recorded in November 2025, compared to 22,501 units in November 2024.
• Montréal posted a 24% year-over-year increase in actual housing starts, driven by higher multi-unit and single-detached starts.
• Vancouver recorded a 1% decrease in starts due to fewer multi-unit and single-detached starts.
• Toronto declined 11% year-over-year, with both multi-unit and single-detached starts lower.

November Standalone Seasonally Adjusted Annual Rate (SAAR):

• The total monthly standalone seasonally adjusted annualized rate of housing starts for all areas in Canada was up 9.4% in November, at 254,058 units compared to 232,245 units in October.
• The seasonally adjusted annual rate of total urban housing starts in centres with populations of 10,000 or more increased by 11% in November. It totaled 233,573 units, compared to 210,338 units in October.
• Rural starts were estimated at a seasonally adjusted annual rate of 20,485 units.

October monthly housing starts key highlights:

• The trend in housing starts decreased by 3% in October to 268,907 units.
• The trend measure is a 6-month moving average of the monthly 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. 19,174 units were recorded in October 2025, compared to 19,763 units in October 2024.
• Montréal posted a 104% year-over-year increase in actual housing starts, driven by significantly higher multi-unit starts.
• Vancouver recorded a 36% decrease in starts due to fewer multi-unit starts.
• Toronto declined 42% year-over-year, with both multi-unit and single-detached starts considerably lower.

October Standalone Seasonally Adjusted Annual Rate (SAAR):

• The total monthly standalone seasonally adjusted rate of housing starts for all areas in Canada was down 17% in October, at 232,765 units compared to 279,174 units in September.
• The seasonally adjusted annual rate of total urban housing starts in centres with populations of 10,000 or more decreased by 17% in October. It totaled 210,703 units, compared to 255,179 units in September.
• Rural starts were estimated at a seasonally adjusted annual rate of 22,062 units.

September monthly housing starts key highlights:

• The trend in housing starts increased by 4.1% in September to 277,147 units.
• The trend measure is a 6-month moving average of the monthly seasonally adjusted annual rate (SAAR) of total housing starts for all areas in Canada.
• Actual housing starts were up 19% year-over-year in centres with a population of 10,000 or greater. 22,375 units were recorded in September 2025, compared to 18,806 in September 2024.
• Montréal and Toronto posted 135% and 112% year-over-year increases in actual housing starts respectively, both driven by significantly higher multi-unit starts.
• Vancouver recorded a 1% decrease in starts.  

September Standalone Seasonally Adjusted Annual Rate (SAAR):

• The total monthly standalone seasonally adjusted rate of housing starts for all areas in Canada was up 14% in September, at 279,234 units compared to 244,543 units in August.
• The seasonally adjusted annual rate of total urban housing starts in centres with populations of 10,000 or more increased by 16% in September. It reached 254,345 units, compared to 219,408 units in August.
• Rural starts were estimated at a seasonally adjusted annual rate of 24,889 units.

Canada’s total housing starts fell -16% MoM to a SAAR of 245.8k units in August 2025, but were up 10% YoY, reflecting strong gains in major centres despite monthly volatility.

• The 6-month trend measure of housing starts rose 1.6% to 267.3k units, showing steady underlying momentum.

• Actual housing starts in centres with 10k+ residents increased 10% YoY to 18,408 units (vs 16,775 in August 2024).

• Montréal posted a 32% YoY surge, led by significantly higher multi-unit activity.

• Vancouver recorded a 46% YoY increase, with gains in both multi-unit and single-detached starts.

• Toronto housing starts were broadly unchanged compared with August 2024.

• Urban starts fell -18% MoM to 223.7k units (SAAR), while rural starts were estimated at 22.1k units.

Canada’s total housing starts rose 4% MoM in July 2025 to a SAAR of 294.1k units, and were up 4% YoY, continuing the recent upward trend in residential construction.

• Urban housing starts increased 5% MoM to 273.6k units, while rural starts were estimated at 20.5k units.

• The 6-month trend measure climbed 3.7% to 263.1k units, indicating broad-based momentum.

• Actual starts in centres with 10,000+ residents rose 4% YoY to 23,464 units.

• Montréal saw a 212% YoY surge in starts, driven by a sharp rise in multi-unit activity.

• In contrast, Toronto housing starts plunged -69% YoY, reflecting declines in both multi-unit and single-detached segments.

Total housing starts in Canada up 0.4% MoM to a SAAR of 283.7k units in June, following 282.7k units in May. The 6-month trend measure rose 3.6% to 253.1k units.

• Urban SAAR was little changed at 261.7k units, while rural starts were estimated at 22.0k.
• Actual housing starts in centers with 10,000+ population rose 14% YoY to 23,282 units from 20,509 in June 2024.
• Vancouver starts surged 74% YoY, led by strong growth in multi-unit construction.
• Montréal starts fell -8% YoY due to fewer multi-unit projects.
• Toronto starts dropped -40% YoY, also driven by a decline in multi-unit activity.