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Canada Housing Starts To Rise More Than Expected In December; CMHC Sees Slow Momentum In Residential In 2026

BY MT Newswires | ECONOMIC | 08:38 AM EST

08:38 AM EST, 01/16/2026 (MT Newswires) -- The total monthly seasonally adjusted annual rate (SAAR) of housing starts for all areas in Canada was up 11% in December at 282,439 units compared with November's 254,625 units, said the Canada Mortgage and Housing Corp. (CMHC) Friday.

The rural starts monthly SAAR estimate was 12,271 units, noted CMHC.

"Since September, the trend in housing starts has consistently decreased," said Mathieu Laberge, chief economist, Housing Insights at CMHC. "As such, housing starts are beginning this year from a weaker position and market intelligence suggests slowing momentum for residential construction."

Nationally, the housing starts total for all areas in Canada in 2025 was 259,028, the fifth-highest annual total on record and up 5.6% compared with 2024's 245,367.

CMHC, the country's national housing agency, defines a housing start as the beginning of construction work on the building where the dwelling unit will be located. It uses a rate adjustment to remove the data's seasonal variations.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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