A new report from Statistics Canada reveals a cooling trend in the national housing market, with for-sale housing starts—covering both homeowner and condominium segments—dropping 10% year-over-year in 2025. This slowdown is compounded by a notable 35% surge in the inventory of completed but unabsorbed units, suggesting a significant shift in market absorption rates compared to 2024.
While the data currently covers national trends with an expansion into Ontario expected for 2026, the implications for the GTA are clear: developers are hitting the brakes as supply sits waiting for buyers. The report highlights that single-detached homes remain the dominant dwelling type, though modular housing is beginning to emerge as a tracked segment in Atlantic Canada. As we look toward future Ontario-specific data, these national cooling signals serve as a vital indicator for local investors and homebuyers. For the full breakdown of these market shifts, read the original report at MPA Mag.
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