Canada’s housing construction momentum slowed slightly in August, with the seasonally adjusted annual rate of housing starts dipping to 229,046 units from 229,360 in July, according to Canada Mortgage and Housing Corp. (CMHC).
The decline reflects a broader cooling across Canada, though the picture varies by province. While Quebec and Alberta posted modest gains, Ontario experienced a notable downturn—the most significant drag on national figures. Monthly housing starts in populated centres dropped to 17,691 units in August from 18,112 a year prior.
The six-month moving average fell 1.3% from July, landing at 244,149 units. CMHC Deputy Chief Economist Kevin Hughes attributed the slowdown to weakness outside Quebec and Alberta, signaling potential headwinds for housing supply across key markets.
For GTA buyers and sellers, this data underscores tightening housing supply amid modest construction activity—a dynamic that could continue shaping affordability pressures in the region. The slowdown also reflects broader economic uncertainties influencing builder confidence and project timelines.
Read the full analysis on CTV News to understand what this means for Canada’s housing market and your local real estate outlook.
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