We’re seeing national housing starts in Canada drop by 2% this month, down to 17,691 units, and the year-to-date numbers are off by 4%. While Montreal and Vancouver have managed some growth, Toronto’s market has stayed pretty steady. With high construction costs, softer demand, and more inventory than usual, the outlook is that new builds could keep slowing through 2028.
Living and working across the Cowichan Valley, I’ve seen firsthand how shifts like these ripple out to our local communities. It’s one of the reasons I keep such a close eye on the trends—understanding what’s happening nationally means I can offer grounded, honest advice when you’re making a move here in the Valley. There’s always something unique about our vibrant corner of Vancouver Island, and I’m here to help you feel right at home, no matter how the numbers change.
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