The Canadian housing market experienced a notable slowdown in February 2025, as the latest figures released on March 17 reveal a decrease in housing starts. The Canada Mortgage and Housing Corporation (CMHC) reported that housing starts have declined to a seasonally adjusted annual rate of 229,000 units in February, compared to 239,300 units in the previous month of January.
This 10,300 unit drop indicates a cooling off in the construction of new homes and reflects larger economic uncertainties. The slowdown has been anticipated by some market analysts, given recent trends in rising interest rates and inflationary pressures impacting consumer buying power.
These figures provide a snapshot of how the Canadian housing market is adjusting and potentially recalibrating in efforts to align with shifting economic conditions. It remains to be seen how these changes will impact prospective homeowners, builders, and the broader Canadian economy in the coming months.
