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Canadian Housing Starts Rise Slightly in February, Says CMHC
Housing starts rose 4.5% to 250,900 units in February, led by British Columbia and Ontario despite a 28% decline in Toronto, Canada Mortgage and Housing Corp. reported.
- On March 16, 2026, CMHC said the seasonally adjusted annual rate was 256,005 units in February, down 0.4%, from 256,005 units in January.
- Regional project timing explains the month-to-month swing, with higher starts in British Columbia and Ontario driving the increase, CMHC said.
- In centres with population of 10,000 or greater, actual starts rose 10% with 15,886 units in February versus 14,420 a year earlier, while Toronto saw a 28% decline, and Vancouver and Montreal posted strong gains.
- The six-month moving average is 256,005 units, and CMHC said heightened uncertainty and rising costs will weigh on housing starts.
- On a trend basis, starts have been generally cooling since September of last year, with 31,974 units started so far this year, up 5% from the same two-month period in 2025.
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According to Canada Mortgage and Housing Corporation (CMHC), the annual start-up rate increased 4.5% in February.
·Montreal, Canada
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Coverage Details
Total News Sources26
Leaning Left11Leaning Right0Center4Last UpdatedBias Distribution73% Left
Bias Distribution
- 73% of the sources lean Left
73% Left
L 73%
C 27%
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