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Canada Housing Starts Up 3%, Montréal Surges 112%

2/18/2025

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Summary

Story summary

Canada’s housing starts increased by 3% in January 2025, totaling 239,739 units, falling short of the 251,000 target.
Urban starts in cities with populations over 10,000 rose 3% to 220,643 units.
Year-over-year, actual starts grew by 7%, with Montréal reporting a remarkable 112% increase.
Conversely, Toronto faced a 41% decline, primarily due to a drop in multi-unit starts.

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Story summary

Canada’s housing starts increased by 3% in January 2025, totaling 239,739 units, falling short of the 251,000 target.
Urban starts in cities with populations over 10,000 rose 3% to 220,643 units.
Year-over-year, actual starts grew by 7%, with Montréal reporting a remarkable 112% increase.
Conversely, Toronto faced a 41% decline, primarily due to a drop in multi-unit starts.