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Toronto and Vancouver see major declines in multifamily housing starts so far in 2025

Montreal and Calgary, in contrast, show healthy growth in new multiunit construction starts between January through May
Fewer new residential highrises are getting built this year in Vancouver. (Getty Images)
Fewer new residential highrises are getting built this year in Vancouver. (Getty Images)

New multifamily builds slowed significantly in Ontario and British Columbia from January through May 2025, while rising at a brisk pace in Quebec and Alberta.

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