Wednesday, July 2, 2025

CMHC: Housing Starts On The Rise in February

With home sales on the rise, housing starts are also undergoing notable increases, even despite high interest rates.

On Wednesday, the Canada Mortgage and Housing Corporation (CMHC) reported that national housing starts rose 13% between January and February, from 216,514 units to 243,959 units.

Housing Starts in Canada – All Areas (CNW Group/Canada Mortgage and Housing Corporation) (CNW Group/Canada Mortgage and Housing Corporation)

Urban starts increased 16% to a total of 222,663 units, multi-unit starts noted an 18% gain to 173,745 units, and construction intentions of single-detached homes rose 8% to 48,918 units.

“After hitting its lowest level since September 2020, the monthly SAAR of housing starts rebounded in February, while the six-month trend declined slightly. Among Toronto, Montreal and Vancouver, only Toronto recorded an increase in total SAAR housing starts in February, up 55%. Montreal declined 31% and Vancouver declined 43%,” said CMHC chief economist Bob Dugan. “February’s housing starts provided much needed new housing supply nationally, but in order to improve affordability, we need to find innovative ways to deliver more supply and to keep building at a higher pace,” he added.


Information for this briefing was found via the CMHC. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Gold Drilling Scaled to 60,000 Meters: How Big Can This Get? | Roger Rosmus – Goliath Resources

Baselode Energy To Acquire Forum Energy: The Merger Of Equals Deal

TriStar Gold: The Revised Castelo de Sonhos Prefeasibility Study

Recommended

ESGold To Expand Mine Building At Montauban In Advance Of Gold & Silver Production

Goliath Resources Expands 2025 Drill Program To 60,000 Metres

Related News

Canadian Rental Market Hits Record Low Vacancy Rates

In a recently released Rental Market Report (RMR), the Canada Mortgage and Housing Corporation (CMHC)...

Thursday, February 1, 2024, 10:03:27 AM

Canada Sees Housing Starts Improve 3.9% In September

Canada witnessed an uptick in housing starts for September, with the trend showing 254,006 units,...

Thursday, October 19, 2023, 06:47:00 AM

Canadian Housing Starts Rise 2% In 2024, Falling Short of Affordability Goals

Canada’s housing starts increased by 2% in 2024, reaching 245,120 units across all areas, according...

Thursday, January 16, 2025, 09:31:00 AM

Canadian Housing Starts Fall 5.3% in October

The pace of housing starts across Canada is showing signs of losing momentum, which could...

Wednesday, November 17, 2021, 02:41:00 PM

CMHC: Housing Starts See Major Boost in June Thanks to Construction Activity in Toronto and Vancouver

Canada’s housing sector saw a substantial uptick in June, reversing a months-long declining trend. According...

Tuesday, July 18, 2023, 12:20:00 PM