Ontario housing market: prices, building and jobs

Ontario's new home prices changed -3.4% over a year, and unemployment is 7.0%. Reading: balanced market.

New home prices, 1 year

-3.4%

6 months -1.6%

Housing starts, 1 year

-47%

latest 45.3k (annual rate)

Unemployment

7.0%

-0.9 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 falling: 7.0% (-0.9 points in a year) - stronger buyer demand.
New building -47% over a year (less new supply coming).
Nationally: The policy rate is unchanged over six months at 2.25%.

Prices are Statistics Canada's New Housing Price Index (new homes only; resale prices by province need a CREA licence). Latest data: 2026-08-01.

Other provinces

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Updated October 21, 2026, 10:02 UTC. Sources: Statistics Canada, CMHC via Statistics Canada. Educational information only - not financial advice.