Canada’s Housing Market Stable, Ontario’s Slumps: New RBC Report

Canada’s Housing Market Stable, Ontario’s Slumps: New RBC Report

Canada’s housing boom is being dragged down by Ontario, where steep declines in new builds are threatening to worsen the affordability crisis, according to a new analysis from the Royal Bank of Canada (RBC). While construction has surged in much of Canada, RBC’s report draws on information from the Canada Mortgage and Housing Corporation (CMHC) to conclude that Ontario is dragging down the nation’s numbers due to a sharp drop in new builds in th…

Plunging Housing Starts in Ontario to Have ‘Dire Consequences’

By Zakiva Kassam August 22nd, 2025 BURLINGTON, ON Economists with RBC are sounding the alarm on a housing construction slowdown that could hit Ontario far earlier than expected. Canada Mortgage and…