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.Â
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.
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StatCan. (May 28, 2025). New housing starts in Canada from 1948 to 2024 (in 1,000s) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved August 04, 2026, from /statistics/198040/total-number-of-canadian-housing-starts-since-1995/
StatCan. "New housing starts in Canada from 1948 to 2024 (in 1,000s)." Chart. May 28, 2025. ÌÇÐÄÆƽâ°æ. Accessed August 04, 2026. /statistics/198040/total-number-of-canadian-housing-starts-since-1995/
StatCan. (2025). New housing starts in Canada from 1948 to 2024 (in 1,000s). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: August 04, 2026. /statistics/198040/total-number-of-canadian-housing-starts-since-1995/
StatCan. "New Housing Starts in Canada from 1948 to 2024 (in 1,000s)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 28 May 2025, /statistics/198040/total-number-of-canadian-housing-starts-since-1995/
StatCan, New housing starts in Canada from 1948 to 2024 (in 1,000s) ÌÇÐÄÆƽâ°æ, /statistics/198040/total-number-of-canadian-housing-starts-since-1995/ (last visited August 04, 2026)
New housing starts in Canada from 1948 to 2024 (in 1,000s) [Graph], StatCan, May 28, 2025. [Online]. Available: /statistics/198040/total-number-of-canadian-housing-starts-since-1995/
