The Canada Mortgage and Housing Corporation (CMHC) has released its latest new home starts data, highlighting residential construction activity across the London CMA.
Key Highlights for February 2026:
- 61 new home starts in the London CMA.
- February starts were highly concentrated in London (Hyde Park) and St. Thomas (South). See the Neighbourhood Spotlight in the attached report for more details.
- In the first two months of 2026, there have been 438 new home starts in London CMA. The 438 starts were 15% above the median number recorded in the January-February period over the past decade.
The attached report includes detailed data for our region, broken down by municipality and dwelling type, along with a neighbourhood spotlight highlighting where construction activity was concentrated.
Why This Matters
Housing starts are an important indicator of future housing supply and market activity. Tracking new construction trends can help REALTORS® better understand local development patterns and potential impacts on inventory levels.
Additional Resources
- Why Housing Starts Matter
- National News Release
- Housing Market Information Portal
- New Construction Data Tables
This update pertains to new home starts (homes added to newly poured foundations).
CMHC separately tracks and publishes data on up-conversion housing starts (homes to be added to existing structures), released on the final working day of each month, available at the following link: Residential Conversions Data Tables
