Canadian Housing Starts Exceed Expectations in September

2025-10-16 12:47 By Isabela Couto 1 min. read

Housing starts in Canada jumped 14% at a seasonally adjusted rate to 279,234 units in September 2025 from 244,543 in August, surpassing market expectations of 255,000.

Urban housing starts in centres with populations above 10,000 rose 16% to a seasonally adjusted annual rate of 254,345 units, while rural starts were estimated at 24,889 units.

The six-month moving average increased 4.1% to 277,147 units.

The unadjusted number of urban housing starts rose 19% from a year earlier, reaching 22,375 units compared to 18,806 in September 2024.

Montréal and Toronto posted 135% and 112% year-over-year increases in actual housing starts, respectively, both driven by significantly higher multi-unit starts.



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