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OTTAWA, ON, Jul 16, 2025 (CNW Group via COMTEX) --

The six-month trend in housing starts increased (3.6%) in June (253,081 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 up 14% year-over-year in centres with a population of 10,000 or greater, with 23,282 units recorded in June, compared to 20,509 units in June 2024. The year-to-date total was 114,411, up 4% from the same period in 2024.

The total monthly SAAR of housing starts for all areas in Canada was flat (0.4%) in June (283,734 units) compared to May (282,705 units).

"Through the first six months of the year, national housing starts have increased marginally compared to 2024, however, new home construction varies significantly across Canada. Québec and the Prairie provinces have accelerated the pace of construction for single-detached homes and purpose-built rentals. By contrast, weak condo market conditions in Toronto and Vancouver have contributed to declines in overall housing starts in these regions," said Kevin Hughes, CMHC's Deputy Chief Economist.

Key Facts:

Housing starts facilitate the analysis of monthly, quarterly, and year-over-year activity in the new home market. The data we collect as part of our Starts and Completions and Market Absorption surveys helps us obtain a clearer picture of upcoming new housing supply and is used as part of our various housing reports.

CMHC plays a critical role as a national convenor to promote stability and sustainability in Canada's housing finance system. Our mortgage insurance products support access to home ownership and the creation and maintenance of rental supply. We actively support the Government of Canada in delivering on its commitment to make housing more affordable. Our research and data help inform housing policy. By facilitating cooperation between all levels of government, private and non-profit sectors, we contribute to advancing housing affordability, equity, and climate compatibility. 

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SOURCE Canada Mortgage and Housing Corporation (CMHC)

SOURCE: Canada Mortgage and Housing Corporation (CMHC)

Information on this release: To request an interview with a CMHC economist, contact:
Media Relations, CMHC, media@cmhc-schl.gc.ca

COMTEX_467366009/2197/2025-07-16T08:15:00

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