Slower new home market in 2025 reported by Statistics Canada
Statistics Canada has released its second annual New Housing Market Report, showing a slower pace for the new home market in 2025. Nationally, the number of for-sale housing starts intended for the homeowner and condominium markets declined 10% year over year.
The decline in starts was accompanied by a 35% year-over-year increase in the inventory of completed and unabsorbed units as of December 2025, a combination the agency said points to a slower housing market overall compared with 2024.
Single-detached houses in the range of 1,500 to 2,000 square feet were the most commonly reported size across most census metropolitan areas covered in 2025. New single-detached houses were also the most common dwelling type reported in every CMA outside British Columbia included in the report.
The report, the second in the series following an initial 2024 release, expanded data collection to Alberta in the second half of 2025. Collection will be further expanded to Ontario in 2026, followed by Quebec at a later stage. List and sale prices, along with other housing characteristics, were collected for new single-detached houses, semi-detached houses, row houses, and condominium apartment dwellings, including low- and high-rise condos, stacked townhomes, duplexes, and triplexes.
Modular home data, collected for the first time in this report, was limited to Prince Edward Island, Nova Scotia, and New Brunswick in 2025, with collection in other regions expected to expand in coming years. Within those three provinces, modular constructed homes priced between $100,000 and $199,999 were the most reported, accounting for 55% of reported units in New Brunswick, 37% in Nova Scotia, and 53% in Prince Edward Island. Three-bedroom configurations were most frequently reported in New Brunswick and Prince Edward Island, while two-bedroom homes were most common in Nova Scotia.
Appendix data in the report showed average new home prices varied significantly by region. Vancouver and Kelowna recorded the highest average prices across most dwelling types tracked in 2025, while Atlantic Canada centres such as St. John's and Prince Edward Island reported among the lowest average prices for new single-detached houses.
Statistics Canada acknowledged the contributions of builders and developers to the data collection, along with Altus Group for sharing high-level statistics that supported validation and analysis, and the Canadian Home Builders' Association and its regional affiliates for their collaboration on the report.
