In 2024, there were more new home construction starts in Canada than in the previous year. Construction starts peaked in 2021, when there were ******* housing units whose construction started that year. Despite the restrictions imposed in Canada during the COVID-19 pandemic, the industry managed to continue operating, with increases in the number of housing starts in 2020 and 2021. How many homes are under development? In 2023, the number of housing units that were under construction in Canada was approximately ******** units. After a period of stagnation until 2016, the housing industry witnessed a significant surge in construction activity. Numerous factors are attributed to this rise, including the heightened demand for housing, an expanding economy that encouraged investment, and the response to the shortage of housing. How expensive are homes in Canada? In 2024, the average cost of a house in Canada was around ******* Canadian dollars. The average house price had increased that year by ****** Canadian dollars compared in 2024 compared to the previous year. The house price-to-income ratio in Canada increased slightly in the third quarter of 2024.

This table contains data described by the following dimensions (Not all combinations are available): Geography (13 items: Canada; Newfoundland and Labrador; Prince Edward Island; Atlantic provinces ...), Housing estimates (3 items: Housing starts; Housing under construction; Housing completions ...), Type of unit (6 items: Total units; Multiples; Single-detached; Semi-detached ...), Seasonal adjustment (2 items: Unadjusted; Seasonally adjusted at annual rates ...).

New home construction in the Canadian province of Ontario amounted to roughly ****** units in 2023. Those figures were much higher than the number of construction starts in Quebec. On a year-to-year basis, construction in both provinces had been increasing steadily between 2015 and 2021, but housing starts fell after that.

Housing construction starts in Ontario, a province of Canada, peaked in 2021, when it reached the highest volume since 2011. While in 2019 there were roughly ****** new homes starts, that figure reached almost 100,000 units in 2021. Meanwhile, in 2022 there were over ****** homes started.

The number of multi-family home starts in Ontario (Canada) has increased every year between 2019 and 2023. There were roughly 49,700 multiple housing unit construction projects started in Ontario in 2019, a number that amounted to approximately 71,380 units by 2023.

Building construction price indexes (BCPI), percent change, by type of building and construction division. Quarterly data are available from the first quarter of 1982. The table presents quarter-over-quarter and year-over-year percentage changes for various aggregation levels. The base period for the index is (2017=100).

The dataset titled "Ontario’s housing supply progress" falls under the domain of Economy and is owned by the Government of Ontario. It was published on August 15, 2023, and the metadata was created on October 1, 2024, and last modified on April 8, 2025. The dataset is tagged with keywords such as Construction starts, Government and Politics, Housing, Housing Potential, Housing Supply Action Plan, Housing starts, Housing supply, and Municipal housing targets. The contact point for this dataset is the Municipal Affairs and Housing department of the Government of Ontario. The dataset provides a comparison of how many new homes have been started towards municipal housing targets for 2031. It includes information such as the municipality name, 10-year housing targets, number of new home construction starts since January 2022, additional residential units added to existing homes, and beds added and upgraded in long-term care homes. However, it does not include student housing data. The dataset is sourced from the Government of Ontario and is licensed under the Open Government Licence – Ontario. The resources available in the dataset include 'Ontario’s housing supply: January – August 2024', 'Data dictionary', and 'Original metadata'.

Homebuilders have endured considerable volatility. Immigration into Canada has translated into unprecedented population growth, driving a deepening housing crisis. New housing starts haven't kept up with the population growth, making homebuilders more critical than ever to meet housing needs. Home shortages and changes in buying behaviour supported homebuilders during the COVID-19 pandemic. Still, the pandemic's disruption to global supply chains didn't spare contractors, with equipment and material costs reaching unprecedented highs. Interest rate hikes in 2022 and 2023 slowed new relevant housing construction, spurring apartment building construction as consumers increasingly sought out renting. Also, the First Time Homebuyer Incentive, which seemed like a potential boon to homebuilders, largely lacked success and was repealed. Industry-wide revenue has been declining at a CAGR of 0.1% over the past five years – totaling an estimated $29.7 billion in 2025 – when revenue will climb an estimated 2.7%. The Bank of Canada raising rates in 2022 and 2023 led to a massive slowdown for homebuilders, even as the Canadian government tried to ramp up the number of housing units. Higher interest rates make developers cautious about new projects, drive up construction costs for builders and push potential home buyers out of the market. The Bank of Canada has decreased rates in 2024 and 2025 for the first time since 2022, potentially providing a boost to homebuilders. Labour shortages for home builders have hiked wage costs and hindered profit. Homebuilders will enjoy solid growth over the next five years. Interest rate cuts and low housing supply will spur downstream homebuying activity. Still, labour shortages and material costs will continue to strain contractors' capacity. Such challenges will be complex for the broader construction sector, allowing federal and provincial governments to introduce programs focusing on workforce development and tech adoption. Government initiatives like the First-Time Home Buyers’ Tax Credit, the First Home Savings Account (FHSA) and the Home Buyers Plan (HBP) will support homebuilding. Homebuilders' revenue is forecast to expand at a CAGR of 2.0% to $32.8 billion through the end of 2030.

The monthly Building Permits Survey collects data on the value of permits issued by Canadian municipalities for both residential and non-residential buildings, and the number of residential dwellings authorized. The survey also measures the number of dwelling units demolished.

The number of multifamily home building permits issued in Canada has fallen in 2022 and 2023. In 2021, there were 66,644 multifamily home building permits in Canada, while that figure peaked in 2021 with 84,515 permits. Ontario and Quebec were the regions with most building permits.

Ambulatory healthcare was the type of building with the highest construction costs in Ontario (Canada) in 2023. The cost of that type of building ranged from 7,110 to 8,750 Canadian dollars per square meter. Townhouses with mid-end specifications were, along with warehouses, among the cheapest buildings to construct, even though the townhouse sale price in Canada was much higher in 2023 than in a decade earlier. On the other side of the residential spectrum, the construction cost of high-rise buildings with mid-end specifications could reach up to 5,370 Canadian dollars per square meter. The housing sector in Ontario The fast population growth in Toronto, the main city in Ontario, has put pressure on its housing market. From 2001 to 2022, the number of people living in Canada’s largest city increased by over 37 percent. During the past years, house prices in Ontario rose at a similarly fast pace. Combined, these elements signal a strong demand for homes in Toronto and Ontario as a whole. The construction sector has responded to this trend: In 2022, most housing starts in Canada took place in the province of Ontario. That same year, EllisDon Corporation, with headquarters in Mississauga (Ontario), was the second-largest contractor in Canada. One of its largest residential/mixed-use projects under development is the 489-539 King St. West Development, in Toronto. Construction cost in North America Building construction costs in Quebec, the second most populous province in Canada after Ontario, had a similar cost range: Ambulatory healthcare buildings were the most expensive, and warehouses were the cheapest to build. However, enclosed malls and higher education buildings were significantly more expensive in Quebec than in Ontario. Across the border, the cities with the highest residential construction costs in the U.S. were San Francisco for multi-family housing, and New York City for single-family housing. Meanwhile, Los Angeles, San Francisco, and New York had the highest hotel construction costs in the U.S.

This table contains data on the number, living area, and assessment value per square foot of residential properties, by property type and period of construction, for the provinces of Nova Scotia, Ontario and British Columbia, their census metropolitan areas (CMAs) and census subdivisions (CSDs).

Between 2022 and 2025, the construction price of residential and non-residential buildings in Canada has grown at the same pace. The price of both types of buildings was roughly *** percent higher in the last quarter of 2025 than in 2024, which is the year when the index base was set at 100. Nevertheless, that only considers the cost of buildings in 15 selected metropolitan areas in Canada. Toronto was by far the metropolitan region with the highest construction costs in Canada.

What determines construction costs? The growth rate of the construction price of different types of buildings tends to follow similar trends to some extent. For example, price growth rates in Canada for most types of buildings were more moderate in 2024 than in previous years. However, those figures show a lot of disparity, with the cost of building a high rise apartment building growing much faster than that of other types of buildings. This might be because the construction costs depend on elements such as the location, materials, and complexity of the building, which tend to be quite different for each type of building.

Lumber building materials in Canada In 2024, Canada was the world’s second-largest exporter of wood building materials such as veneer sheets, parquet flooring, particleboard, laminated wood, and builders’ joinery and carpentry. Forestry, logging, and processing wood into ready-to-use materials are important industries in the Canadian economy. High price growth rates of building materials impact negatively the construction industry as their activities become more expensive. However, the forestry and logging industry benefited from the cost of lumber rising in 2020 and 2021. In the past years, the price of lumber, however, has fallen again.

Non-residential building construction price index (NRBCPI), by class of structure. Quarterly Data are available from first quarter 1981. The table presents data for the most recent reference period and the last four periods. The base period for the index is (2011=100).

The dataset titled "Housing Market Tables: Selected South Central Ontario" is a comprehensive collection of data related to the housing market and housing potential in Canada, specifically in the Greater Toronto Area (GTA). The dataset, owned and authored by the Canada Mortgage and Housing Corporation (CMHC), is available in CSV format and was published on June 27, 2023. The data spans from January 1, 2019, to May 1, 2023, and is updated on a monthly basis. The dataset is open for access and was last accessed on July 9, 2023. The dataset is primarily in English and does not contain data about individuals, identifiable individuals, or Indigenous communities. The dataset provides granular data at the city level and is machine-readable, indicating high data quality. The dataset includes information about new home construction in the GTA, including units pending construction, units started, completions, units under construction, absorbed units (new construction), and unabsorbed new home inventory. The dataset's resources are available in an XLSX file named 'housing-market-tables-selected-south-central-on-05-23-en.xlsx'. The metadata for this dataset was created on July 9, 2023, and last modified on April 8, 2025. The license for accessing the dataset is not specified.

Multifamily housing starts in 2023 fell slightly in comparison to the previous year. That year, construction starts in apartments, semi-detached homes, and rows reached ******* units. Ontario was the province with most of those construction starts. The volume of new home construction in Canada has fluctuated significantly in the past years.

Building construction price indexes (BCPI) by type of building. Quarterly data are available from the second quarter of 1982. The table presents quarter-over-quarter and year-over-year percentage changes for various aggregation levels. The base period for the index is (2017=100).

Get data on the intensity of energy and water usage and greenhouse gas (GHG) emissions as well as property use types for buildings larger than 100,000 square feet. Where possible, data is weather-normalized. Data is not cleansed. This data set shows energy and water usage intensities and GHG emission intensities for buildings, including: * commercial (for example, retail or office) * multi-residential * warehousing * light industrial Manufacturing, heavy industrial or agricultural buildings are not included. Data is not randomized and is reported by building owners or their agents according to Energy Star Portfolio Manager property type categories and may contain errors.

Housing stock in units is an economic estimate of the number of housing units in Canada, the provinces and territories by institutional sector, dwelling occupation, dwelling type, and tenure type. These data are used to estimate gross domestic product by income and expenditure. The units are benchmarked to dwelling data from the census at the national, provincial and territorial levels. Dwelling type and tenure type are also aligned with census data.

Residential property estimates by geography, property type, period of construction, property use and ownership type.