Slowdown in Toronto, Vancouver leave national housing starts flat in first half of 2025

Housing starts in Canada remained flat in the first half of 2025 with significant regional differences. Toronto and Vancouver saw declines, particularly in the condominium market, due in part to high development charges and other barriers. Meanwhile, cities like Calgary, Edmonton, Ottawa, and Halifax experienced increased construction of rental apartments, driven by government incentives and favorable policies. The Canada Mortgage and Housing Corporation emphasizes the need for systemic changes to the housing system to improve supply and affordability.