Housing starts increased in July, but it is not enough to meet demand, according to a report from Canada’s housing agency.
The Canada Mortgage and Housing Corporation (CMHC) released housing stats for July on Aug. 18.
The data shows that total monthly seasonally adjusted annual rate (SAAR) of housing starts for all of Canada was up 4 percent in July (294,085 units) compared to June (283,523 units).
In a June 2025 report, the CMHC said that housing starts needed to double over the next 10 years.
“Canada needs to increase housing starts to around 430,000 to 480,000 units per year to restore affordability,” the report said.
It also noted that the need to increase housing supply was “critical.”…