Canadian housing starts rose 5.6% in 2025 as December beats expectations
Tweet
Share
E-mail
A for sale sign is displayed outside a home in Toronto, Ontario in Toronto, Ontario, Canada December 13, 2021. REUTERS/Carlos Osorio
By Fergal Smith
TORONTO, Jan 16 (Reuters) - Canadian housing starts rose 5.6% in 2025 to 259,028 units as starts increased more than expected in December, data from the national housing agency showed on Friday.
The annual level of starts was the fifth highest on record, the Canada Mortgage and Housing Corporation (CMHC) said.
In December, the seasonally adjusted annualized rate increased 11% to 282,439 units from a revised 254,625 units in November. Economists had expected starts to rise to 260,000.
The six-month trend was less upbeat, showing a December decline of 0.1%.
"While housing starts in 2025 finished ahead of 2024 and inched up in December, most of the momentum in housing construction occurred in the spring and summer, CMHC's chief economist Mathieu Laberge said in a statement. "Since September, the trend in housing starts has consistently decreased."
Canadian Prime Minister Mark Carney has pledged to improve affordability and reduce homelessness while increasing home construction, while the Bank of Canada has lowered its benchmark interest rate to a three-year low of 2.25% to support the economy.
(Reporting by Fergal Smith, Editing by Alexandra Hudson)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Tesla eyes European freight market with long-delayed Semi truck
- US declares end of largest recorded cyclosporiasis outbreak
- Wall St opens higher after August inflation report
Create E-mail Alert Related Categories
ReutersRelated Entities
Housing StartsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
