Canada Housing Starts Trend Down 1.3% | Your Go To Realtor for Edmonton & Area!

I’m always keeping an eye on what’s happening in Canada’s housing market, because these numbers can really impact your next move. Recently, the six-month trend for housing starts across Canada dipped by about 1.3%, settling at roughly 244,000 annualized units, while the monthly pace held fairly steady near 229,000. In our larger cities, actual starts reached 17,700 for mid-Q3, down about 2% compared to last year. For the first eight months of this year, we’ve seen 149,500 starts—about 4% lower than last year. Even with these shifts, there’s still a large pipeline: over 371,000 homes are currently under construction in centres with populations over 50,000, which is just slightly less than last month. Completions have slowed more noticeably, dropping around 11% month-over-month to 17,600 units, but it’s worth noting that permits for future builds edged up a bit to 142,400. Overall, while housing starts remain elevated compared to recent years, we’re seeing a clear trend toward moderation as we approach the end of the year. If you’re considering your next move, understanding these trends can help you make more informed decisions. I’m always here to offer honest advice and guidance so you can reach your real estate goals with confidence.