Annual pace of housing starts slowed 5% in July, CMHC says
- Posted on August 18, 2026
- By The Globe and Mail
- 2 Views
- 1 min read
In brief
Canada's housing construction activity experienced a notable deceleration in July, with CMHC reporting a 5% decline in the seasonally adjusted annual rate of starts. The sector reached 229,074 units, indicating cooling momentum in residential development. This slowdown reflects broader challenges in the real estate market, including rising interest rates, affordability pressures, and shifting demand patterns. Industry analysts are closely monitoring whether this trend signals a temporary correction or a more sustained contraction in Canada's housing supply pipeline.
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Annual pace of housing starts slowed 5% in July, CMHC says
Seasonally adjusted annual rate of starts last month was 229,074 units
