Toronto saw a 151% year-over-year increase in multi-unit building starts in December, leading Canada's largest cities. Montreal experienced a 123% rise across various dwelling types, while Vancouver had a 17% increase mainly in multi-unit dwellings. Nationally, housing starts reached 259,028 in 2025, a 5.6% increase from 2024, with rental housing comprising over half of urban starts. The six largest metropolitan areas grew 3.9%, driven by Calgary, Edmonton, Montreal, and Ottawa-Gatineau, offsetting declines in Toronto and Vancouver.
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