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Canada, U.S. Housing Starts Rise Amid Challenges

8/20/2025

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Summary

Story summary

Canada reported a 4% increase in housing starts in July 2025, totaling 294,085 units, mainly from multi-unit construction.
The U.S. saw a 5.2% rise in housing starts, driven by multifamily units, despite high mortgage rates.
Montreal experienced a 212% increase in housing starts, while Toronto faced a 69% decline.
Low builder confidence persists due to affordability and regulatory challenges, affecting future construction.

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Story summary

Canada reported a 4% increase in housing starts in July 2025, totaling 294,085 units, mainly from multi-unit construction.
The U.S. saw a 5.2% rise in housing starts, driven by multifamily units, despite high mortgage rates.
Montreal experienced a 212% increase in housing starts, while Toronto faced a 69% decline.
Low builder confidence persists due to affordability and regulatory challenges, affecting future construction.