Rental Construction Hits Record High as Condos Collapse
Posted by Christopher Audette on
Rental construction in Canada just hit its highest level in years, while condo construction fell to some of its lowest, according to CMHC. Canada's 2025 housing starts rose 6% annually, "driven by record rental apartment construction," per CMHC's Spring 2026 Housing Supply Report, even as the report describes condo presales as having "collapsed" nationally.
That shift sits alongside a separate, recent slowdown. In July 2026, housing starts fell 5% month-over-month to 229,074 units, with multi-unit starts down 21% year-over-year. The pace of building has cooled this summer, even as the mix tilts toward rentals.
Several cities are leading the rental surge. Calgary, Edmonton, Ottawa, Halifax, and Montreal all posted record-high rental starts in 2025,…
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