New data from CMHC reveals a mixed bag for the GTA housing market in 2025. While national housing starts saw a 6% increase, Toronto lagged behind, experiencing the lowest per-capita starts among major Canadian cities. Rental construction remained strong, nearing record highs, and the “missing middle” housing segment gained traction, particularly through conversions. However, a weakening condo presale market and rising unsold inventory raise concerns about future supply.
Construction timelines improved, but the condo slowdown could lead to shortages if demand rebounds. Projects with 3-5 units outnumbered larger developments, reflecting developer caution. For a deeper dive into the trends and potential future impacts, read the full Spring 2026 Housing Supply Report from CMHC.
[Read the full article here](https://storeys.com/spring-2026-supply-report-cmhc/)
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