The next few years likely will be hard on the country’s homebuilders as fewer residential projects break ground amid falling demand, a challenging economy and slower population growth. However, multifamily construction is expected to slowly increase as interest costs taper, according to a new report.
Housing starts expected to decline through 2028 as demand remains low
Multifamily construction makes up majority of residential building in Canada, a CMHC study says
CoStar News
February 12, 2026 | 3:40 P.M.
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IN THIS ARTICLE
- Companies
- Canada Mortgage & Housing Corporation - CMHC
Public Administration
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- Ben Haythornthwaite
Director of Market Analytics, CoStar Group