New data from the Canada Mortgage and Housing Corporation (CMHC) reveals a significant uptick in housing starts across Canada for November. The seasonally adjusted annual rate reached 254,058 units, a notable 9.4% increase compared to October’s 232,245 units. While the national pace demonstrates positive momentum, it’s crucial to examine the underlying trends. Actual housing starts in major centres (population of 10,000 or greater) experienced a 3% year-over-year decrease, totaling 21,870 units in November against 22,501 in the previous year. However, the year-to-date total shows a 4% increase compared to 2024, with 219,077 units. The six-month moving average saw a slight dip of 1.7%. For detailed insights, read the full report on BNN Bloomberg.
[https://www.bnnbloomberg.ca/business/2025/12/15/cmhc-reports-november-housing-starts-up-94-per-cent-from-october/]
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