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OTTAWA, ON, Apr 15, 2025 (CNW Group via COMTEX) --

 The six-month trend in housing starts decreased 0.7% in March to 235,316 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.

The total monthly SAAR of housing starts for all areas in Canada decreased 3.3% in March (214,155 units) compared to February (221,405 units).

Actual housing starts were down 12.5% year-over-year in centres with a population of 10,000 or greater, with 14,924 units recorded in March, compared to 17,052 in March 2024.

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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Information on this release:As a federal Crown Corporation, CMHC respects the Caretaker Convention regarding federal elections. As a result, we will not be conducting interviews or providing comments during this period. If you have technical questions about our data, we will do our best to respond, in writing.

 

 

 

 

 

SOURCE Canada Mortgage and Housing Corporation (CMHC)

SOURCE: Canada Mortgage and Housing Corporation (CMHC)

Media Relations, CMHC, media@cmhc-schl.gc.ca

COMTEX_464572006/2197/2025-04-15T08:15:00

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