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Canadian housing starts decline 6% in March

#International News#Residential#Canada
Last Updated : 23rd Apr, 2026
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Synopsis

Canada’s housing starts recorded a decline in the past month, going against market expectations of an increase. Data released by the Canada Mortgage and Housing Corporation showed a 6 per cent drop compared to the previous month, with the annualised pace falling below economist estimates. The slowdown reflects a weaker-than-expected construction trend despite earlier momentum. The revised figures for the previous month were also highlighted, indicating that while activity had been stronger earlier, the latest data points to some moderation in residential development across the country.

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Canada’s housing construction activity saw a decline in the past month, with new data showing a drop in housing starts compared to the previous month. The figures indicate a slowdown in residential development, contrary to expectations of an increase.


Data released by the Canada Mortgage and Housing Corporation showed that the seasonally adjusted annualised rate of housing starts fell by 6 per cent to 235,852 units. This is lower than the revised figure of 250,961 units recorded in the previous month.

Market estimates had projected housing starts to rise to around 255,000 units, but the actual data came in below these expectations, reflecting a softer trend in construction activity.

The revised data for the previous month suggests that housing construction had been relatively stronger before the recent decline. However, the latest figures indicate a moderation in pace, which could be linked to broader economic factors such as borrowing costs and demand conditions that have been influencing the housing sector in recent months.

Canada’s housing market has seen fluctuations over the past year, with policymakers and developers closely tracking construction trends to assess supply levels and affordability pressures. The recent decline in housing starts may add to concerns around supply constraints if the trend continues in the coming months.

Source Reuters
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