US EditionAnnual Pace of Housing Starts in May Down 0.2 per Cent: CMHC
- Canada Mortgage and Housing Corp. reported that the annualized number of housing starts in May 2025 decreased slightly by 0.2% to 279,510 units compared to April.
- This decline happened even as actual housing starts in urban areas increased to 23,745 units from 21,814 in May 2024, with rural starts projected to be around 19,706 units.
- Housing starts rose in five provinces, with Quebec leading the gains by adding 10,000 units on an annualized basis. The Prairies and Ontario also experienced growth, while British Columbia and the Atlantic provinces faced notable declines.
- TD economist Rishi Sondhi noted that the strong performance in May is likely to drive an increase in Q2 housing starts and indicated that the high level of permits suggests home construction should continue at a solid pace in the near term.
- However, prospects appear less optimistic in the longer term due to factors like slower population growth, elevated construction expenses, declining rents, and weakening activity in the resale market.
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Canada Mortgage and Housing Corporation (CMHC) reports that the annual rate of housing starts decreased slightly by 0.2% in May compared to April.
·Montreal, Canada
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Annual pace of housing starts in May down 0.2 per cent: CMHC
Canada Mortgage and Housing Corp. says the annual pace of housing starts in May edged down 0.2 per cent compared with April. The national housing agency says the seasonally adjusted annual rate of housing starts was 279,510 units in May compared with 280,181 in April. The result came as annual pace ...
·Kelowna, Canada
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Housing starts held firm in May as strong Prairie and Quebec activity offset B.C. slowdown - Mortgage Rates & Mortgage Broker News in Canada
Canada’s housing starts remained elevated in May, with the seasonally adjusted annual pace clocking in at 279,510 units—virtually unchanged from 280,181 in April, according to Canada Mortgage and Housing Corporation (CMHC).
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