12-month change to June 2026
Index level; December 2016 = 100: 106.0UNDERSTAND YOUR MARKET
What’s changing in your city?
Explore new-home prices, construction and rents in seven metropolitan areas. Choose a city to put your buying or selling plans in context.
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Toronto evidence view updated for a buyer.
Your selected market
As of 2026-06Toronto
below the ten-year average
2025 versus 2016 to 2025 averagebelow the ten-year average
2025 versus 2016 to 2025 average15.5% + 21.2%
Share of all 2025 startsNational context: construction and interest rates
259,028homes started across Canada in 2025+5.6% from 2024
2.25%Bank of Canada policy rate2026-08-11
6.09%Typical posted 5-year conventional ratePublished context, not an available or negotiated mortgage quote
Toronto
Prices, construction and the rental alternative
See what is being built, how much is under construction, and what renting costs. Each measure covers the period shown.
Apartment starts
Ground-oriented starts
- New missing-middle starts
- 15.5%
- Conversions
- 21.2%
- Other starts
- 63.3%
Starts26,737-3.7% versus the prior 12 months
Completions28,391Total units; rolling 12 months ending June 2026.
Under construction92,217As of 2026-06
Vacancy rate3.0%+0.5 percentage points from 2024
Average two-bedroom rent$2,045+3.7% from 2024
Not an asking rent, turnover rent or rented-condo measure.
Buyer
What to consider before buying
These signals help frame the supply and rental alternatives around a purchase. They do not tell you what a specific home is worth or whether an offer will succeed.
- Does the mix of homes being started match the property type and timeline you need?
- How does the purpose-built rental alternative affect the cost of waiting?
- Can your budget absorb a different mortgage rate than either published context rate?
7 CMA / RMR
Compare all seven metropolitan areas
Show the comparison table
| Market | New-home index, 12m | Apartment starts vs. average | Ground-oriented vs. average | Rolling starts | Vacancy | 2-bed rent |
|---|---|---|---|---|---|---|
| Vancouver | -3.2% | +8.6% | -20.9% | 26,935 | 3.7% | $2,364 |
| Calgary | -0.9% | +110.4% | +48.0% | 24,323 | 4.9% | $1,908 |
| Edmonton | -1.2% | +107.7% | +31.7% | 19,153 | 3.8% | $1,598 |
| Montréal | +3.2% | +26.2% | -31.4% | 28,492 | 2.9% | $1,346 |
| Ottawa | -0.2% | +84.5% | -25.3% | 13,236 | 3.1% | $1,757 |
| Toronto | -4.5% | -29.3% | -39.6% | 26,737 | 3.0% | $2,045 |
| Halifax | +1.0% | +108.4% | +20.0% | 5,871 | 2.6% | $1,828 |
Scope / Portée
What these figures cover
Statistics Canada’s index measures agreed selling prices for new single, semi-detached and row homes. It is not a resale price, average home price or valuation.
A start marks the beginning of construction; a completion marks completion. Units under construction are a pipeline count, not a promise of when a unit will be available.
The annual CMHC survey covers privately initiated row and apartment structures of three units or more. It does not describe every rental listing or rented condominium.
Boundary: this hub contains no resale price, sales, inventory, valuation or neighbourhood claim. Use recent local resale evidence for a specific transaction.
Open data
Sources and calculation notes
Open all datasets, dates and transformations
Spring 2026 Housing Supply Report
- Dataset
- CMHC Starts and Completions Survey; figures 1 to 3
- Observed
- 2025
- Released
- 2026-03-11
- Used here for
- 2025 apartment and ground-oriented starts, ten-year averages, and missing-middle shares
Housing starts, under construction and completions in selected CMAs, monthly
- Dataset
- Statistics Canada table 34-10-0154-01
- Observed
- 2026-06
- Released
- 2026-07-17
- Used here for
- Rolling 12-month total-unit starts and completions, prior-period starts, and latest units under construction
Vacancy rates, privately initiated row and apartment structures of three units and over
- Dataset
- Statistics Canada table 34-10-0130-01
- Observed
- 2025
- Released
- 2025-12-17
- Used here for
- 2024 and 2025 purpose-built rental vacancy rates
Average rents for areas with a population of 10,000 and over
- Dataset
- Statistics Canada table 34-10-0133-01
- Observed
- 2025
- Released
- 2025-12-17
- Used here for
- 2024 and 2025 average two-bedroom rent in privately initiated row and apartment structures of three units and over
New housing price index, monthly
- Dataset
- Statistics Canada table 18-10-0205-01
- Observed
- 2026-06
- Released
- 2026-07-24
- Used here for
- Total house-and-land index and 12-month percentage change; December 2016 = 100
Target for the overnight rate
- Dataset
- Valet series V39079
- Observed
- 2026-08-11
- Released
- 2026-08-11
- Used here for
- Policy-rate context only; not a mortgage quote
Posted interest rates offered by major chartered banks
- Dataset
- Valet series V80691335
- Observed
- 2026-08-12
- Released
- 2026-08-12
- Used here for
- Typical posted conventional five-year mortgage rate; not an available, negotiated, qualifying, or recommended rate
Adapted from Canada Mortgage and Housing Corporation, Spring 2026 Housing Supply Report, 2025. This does not constitute an endorsement by Canada Mortgage and Housing Corporation of this product.
Adapted from Canada Mortgage and Housing Corporation, Starts and Completions Survey and Rental Market Survey, June 2026 and 2025 reference periods. This does not constitute an endorsement by Canada Mortgage and Housing Corporation of this product.
Adapted from Statistics Canada, New housing price index, monthly (Table 18-10-0205-01), June 2026. This does not constitute an endorsement by Statistics Canada of this product.
All added housing-insight sources retrieved August 13, 2026.
OFFICIAL LOCAL EVIDENCE
Compare all marketsOpen a market page you can verify
Each page combines four dated evidence layers: new-home prices, supply mix, the construction pipeline and the rental market.
Census metropolitan areaVancouverConstruction observed 2026-06View data and sourcesCensus metropolitan areaCalgaryConstruction observed 2026-06View data and sourcesCensus metropolitan areaEdmontonConstruction observed 2026-06View data and sourcesCensus metropolitan areaMontréalConstruction observed 2026-06View data and sourcesCensus metropolitan areaOttawaConstruction observed 2026-06View data and sourcesCensus metropolitan areaTorontoConstruction observed 2026-06View data and sourcesCensus metropolitan areaHalifaxConstruction observed 2026-06View data and sources