Canada housing starts for November 2025
Story Log
From cmhc-schl.gc.ca (https://www.cmhc-schl.gc.ca/media-newsroom/news-releases/2025/housing-starts-november-2025)
The six-month trend in housing starts declined by 1.7% in November, totaling 264,445 units, according to Canada Mortgage and Housing Corporation (CMHC). The trend measure uses a six-month moving average of the seasonally adjusted annual rate (SAAR) of total housing starts across all regions in Canada. In November, actual housing starts fell 3% year-over-year in centers with populations of 10,000 or more, recording 21,870 units versus 22,501 in November 2024. The year-to-date total reached 219,077 units, up 4% from the same period in 2024. The overall monthly SAAR for housing starts across all areas in Canada was higher than last year, driven by various regional dynamics (full story: https://www.cmhc-schl.gc.ca/media-newsroom/news-releases/2025/housing-starts-november-2025).
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