Annual rate of housing starts slowed in March

Canada Mortgage and Housing Corp. says the seasonally adjusted annual rate of housing starts in March fell 6% compared with February.

The national housing agency says the seasonally adjusted annual rate came in at 235,852 units for March compared with 250,961 in February.

The six-month moving average of the seasonally adjusted annual rate came in at 248,378 units for March, down from 255,874 a month earlier.

CMHC chief economist Mathieu Laberge says the March data points to a continued loss of momentum in housing construction, broadly in line with the agency’s housing market outlook.

Actual housing starts in centres with a population of 10,000 or greater totalled 16,398 units in March, up from 14,935 in March 2025.

Rural starts for March were estimated at a seasonally adjusted annual rate of 11,846 units.

The Canadian Press

The Canadian Press is a national news agency headquartered in Toronto and founded in 1917.