Canadian housing

Ontario housing market: prices, building and jobs

Ontario's new home prices changed -3.4% over a year, and unemployment is 7.3%. Reading: balanced market.

New home prices, 1 year

-3.4%

6 months -1.4%

Housing starts, 1 year

-47%

latest 45.3k (annual rate)

Unemployment

7.3%

-0.3 points in a year

Reading

Balanced market

simple rule on official data

What the numbers say

Prices down -3.4% over a year.
Unemployment is steady at 7.3%.
New building -47% over a year (less new supply coming).
Nationally: The central bank has raised rates by 0.25 points in six months — this weighs on demand.

Prices are Statistics Canada's New Housing Price Index (new homes only; resale prices by province need a CREA licence). Latest data: 2026-09-01.

Other provinces

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Updated November 10, 2026, 20:38 UTC. Sources: Statistics Canada, CMHC via Statistics Canada. Educational information only - not financial advice.