Calgary and Edmonton buck national housing starts slump with strong 2025 growth

The latest housing report by Canada Mortgage and Housing Corp. reveals that housing starts in Calgary and Edmonton are growing, contrary to a national slump. Although Vancouver and Toronto are experiencing significant slowdowns, other cities like Montreal, Ottawa, and Halifax are maintaining housing start rates. A decline in condominium starts and high development charges are hindering the market, posing risks to future supply and affordability. Government interventions and policy changes are deemed necessary to address these challenges, especially in high-cost markets.