Housing starts will fall to 224,485 units this year from 240,267 in 2023, the Canadian Mortgage and Housing Corporation (CMHC) forecast in its Housing Market Outlook document.

Groundbreaking is expected to be higher in 2025 and 2026 than this year’s forecast level but stop short of the 2021 peak of 271,198.

Housing starts will fall to 224,485 units this year from 240,267 in 2023, the Canadian Mortgage and Housing Corporation (CMHC) forecast in its Housing Market Outlook document.

Groundbreaking is expected to be higher in 2025 and 2026 than this year’s forecast level but stop short of the 2021 peak of 271,198.