Canadian Housing Starts Reach Fifth Highest Level on Record for 2025 as December Activity Surges
Canada saw 259,028 housing starts in 2025, representing the fifth-highest annual level. December activity surged 11 percent despite a declining six-month trend.
Insights:
Canadian residential construction activity finished 2025 on a high note, with total housing starts for the year reaching 259,028 units, a 5.6 percent increase from 2024 levels. According to data released on Friday, January 16, 2026, by the Canada Mortgage and Housing Corporation (CMHC), this performance represents the fifth-highest annual level of starts on record in Canada 
CA. The annual figure surpassed the expectations of economists who had predicted starts would rise to approximately 260,000 units for the year.
CA. The annual figure surpassed the expectations of economists who had predicted starts would rise to approximately 260,000 units for the year.
