Canada's Housing Starts Show Modest Increase in September Amid Supply Challenges

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Canada Mortgage and Housing Corp. reports a three percent rise in housing starts in September compared to August, but warns of ongoing supply challenges.

OTTAWA — According to Canada Mortgage and Housing Corp. (CMHC), the annual rate of housing starts in Canada saw a three percent increase in September when compared to the previous month, August. The national housing agency reported that the seasonally adjusted annual rate of housing starts reached 248,896 units in September, up from 242,223 units in August. However, the actual number of monthly housing starts in communities with populations exceeding 10,000 experienced a decline of 11 percent compared to the same month last year, dropping to 19,984 units in September from 22,375 units in September 2025. Furthermore, CMHC estimated that the annual rate of rural housing starts stood at 18,094 units. The six-month moving average for the seasonally adjusted annual rate also saw a slight increase of 0.6 percent, reaching 250,411 units. Aled ab Iorwerth, who serves as the deputy chief economist at CMHC, highlighted that Canada is still grappling with a long-term housing supply gap. He emphasized that without a significant increase in housing construction levels, the improvements in housing affordability that have been noted since 2023 may be challenging to maintain.

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