Housing starts fell 16% in August as home building slows: CMHC

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By Staff The Canadian Press

Posted September 16, 2025 10:24 am

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Housing starts slow to a crawl in Canada’s largest and most expensive cities'

2:19 Business Matters: Housing starts slow to a crawl in Canada’s largest and most expensive cities

New data from the Canada Mortgage and Housing Corporation (CMHC) shows a slowdown in housing starts in Canada’s biggest cities and left the national growth rate flat in the first half of this year. In fact, Toronto is on track for its lowest number of housing starts in three decades. Anne Gaviola has this story and more in Business Matters for Tuesday, Sept. 9, 2025.

Canada Mortgage and Housing Corp. says the annual pace of housing starts in August fell 16 per cent compared with July.

The national housing agency says the seasonally adjusted annual rate of housing starts came in at 245,791 units in August, down from 293,537 in July.

The drop came as the seasonally adjusted annual pace of housing starts for Canadian centres with a population of 10,000 or greater fell to 223,728 in August compared with 272,330 a month earlier.

Ontario developers predict layoffs if cost to build doesn’t fall'