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By Shawna Connelly
Posted Tuesday, Feb 24, 2026 11:12 am

CMHC reports further slowing of housing starts with no turnaround in sight

The pace of homebuilding in Canada continues to slow with no near-term signs of a turnaround, said Canada Mortgage and Housing Corp. on Monday.

The national housing agency said the seasonally-adjusted annual pace of housing starts declined 15 per cent in January.

Housing starts can vary considerably month-to-month as big projects get started, but the agency’s six-month moving average for annual starts also showed a 3.5 per cent decline.

“The six-month trend has decreased for the fourth consecutive month,” said CMHC deputy chief economist Tania Bourassa-Ochoa in a news release.

“We expect new construction to continue trending lower going forward as trade and geopolitical uncertainty, high construction costs, weaker demand, and rising inventories continue to constrain developer activity.”

She said a near-term turnaround is looking unlikely, and reflects what the agency has been hearing from developers over recent months ... [READ MORE]

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