OTTAWA, ON, Nov. 18, 2025 /CNW/ - The six-month trend in housing starts decreased (3%) in October (268,907 units), according to Canada Mortgage and Housing Corporation (CMHC). The trend measure is a six-month moving average of the seasonally adjusted annual rate (SAAR) of total housing starts for all areas in Canada.
Actual housing starts were down 3% year-over-year in centres with a population of 10,000 or greater, with 19,174 units recorded in October, compared to 19,763 units in October 2024. The year-to-date total was 197,207, up 5% from the same period in 2024.
Housing starts for October 2025 (CNW Group/Canada Mortgage and Housing Corporation (CMHC))
The total monthly SAAR of housing starts for all areas in Canada was down 17% in October (232,765 units) compared to September (279,174 units).
“Both the six-month trend in housing starts and the SAAR were pushed lower in October by significantly lower monthly starts in Ontario and British Columbia. However, higher starts in markets like Montréal, Calgary, and Edmonton continue to keep national year-to-date elevated compared to the same period last year. While these results are generally reflective of investment decisions made months or even years ago, they also highlight persistent and significant regional contrasts in housing construction trends across the country,” said Tania Bourassa-Ochoa, CMHC’s Deputy Chief Economist.