Minister of Housing, Infrastructure and Communities Transition Binder (2025)
Book 4: Macro-economic Indicators: Canada and Large CMAs
Section A: Macro-economic Indicators for Housing and Infrastructure: Canada and Large CMAs
Housing Outlook
External Pressures
- Volatility in U.S. trade policy and Canada’s response will create significant uncertainty on overall investments and prices.
- Reduced immigration targets will likely lead to lower economic activity but also lower housing prices.
Macroeconomic Effects
- Modest economic growth is expected in 2025, improving in 2026/27.
- Further rate cuts are expected by the central bank in 2025.
- Unemployment rates will rise until mid-2025 and decline in 2026/27.
- Mixed outlook on housing market with slower population growth, economic challenges, and some increase in purchasing power.
| Jurisdiction | Housing Prices | Housing Starts | Resale Activity | Rental Vacancies |
|---|---|---|---|---|
| Canada | Prices will grow faster in 2025, slower in 2026/2027. | Expected to slow down, but total starts remain above their 10-year avg. | Expected to improve relative to housing starts but with uneven recovery. | Rental supply will rise, and demand will fall, creating higher vacancies. |
| British Columbia | Upward price pressures, mostly concentrated in 2025. | Expected to rebound in 2025 after a weaker 2024. | Rebound after declining sales the last 2 years, most prominently in 2025. | Vacancy rates expected to stay historically high in the next few years. |
| Vancouver | Average prices will increase to new highs by end of 2025. | Expected to rebound in 2025 but may slow in 2026 and beyond. | Rebound from lagged effects of low mortgage rates, mostly in 2025. | More vacancies due to lower immigration and higher inventory. |
| Praries | Upward pressure expected from competition among buyers. | Modest decline expected in AB areas, growth in SK and MB areas. | Expected to remain active with elevated sales and stronger demand. | Expected to increase in 2025/2026 with higher supply in the future. |
| Edmonton | Price growth expected but will taper towards 2027. | High level of construction expected but with hesitancy from developers. | Expected to remain active in 2025 following a busy 2024. | Gradual increase with a strong expected growth in rental stock. |
| Calgary | Higher price growth is forecasted. | New construction expected to moderate slightly after high growth. | Slight increase expected in 2025 after remaining flat in 2023/2024. | Expected to rise in 2025 with supply outstripping slower demand. |
| Central | Renewed upwards pressure in 2025 but will be mild. | Expected to decline in 2025 for the fourth year in a row. | Expected to increase due to more favourable economic outcomes. | Strong growth expected in supply and decline in temporary residents. |
| Greater Toronto | Projected to rise slightly in 2025, single digit rise through 2027. | Expected to decline with fewer apartments and lower demand. | Increased sales expected following low sales volume, but growth will be limited. | Vacancy rates to rise due to higher supply and weaker demand. |
| Eastern | Prices expected to rise in 2025 and stabilize. | Rebound beginning in 2024 expected to continue. | Rebound beginning in 2024 expected to continue. | Slight increase expected in most eastern markets. |
| Ottawa | Modest price rebound expected to continue since 2024. | Expected to remain stable in 2025 after 2 years of declines. | Resale to continue momentum gained in 2024. | Vacancy rates to rise slightly due to growth in rental stock. |
| Gatineau | Expected to increase slightly in 2025. | Expected to decrease slightly in 2025 due to infrastructure capacity. | Resale to continue momentum gained in 2024. | Vacancy rates to remain low, but supply will increase. |
| Montréal | Price growth expected in 2025, slowing down in 2026/2027. | Housing starts expected to increase for a second consecutive year. | Continued growth in 2025, due to increased income, and low interest rates. | Rates to increase, as expected with increasing starts and population. |
Sources: Analysis based on review of RBC’s Special Housing Reports, BMO’s Housing Outlooks, and CREA’S Housing Market Forecast for 2025 and 2026, which corroborate CMHC's housing outlook for 2025.
Canada
| 2024 | 2016 | |
|---|---|---|
| Population | 41,288,599 | 35,151,728 |
| Unemployment Rate | 6.3% | 7.7% |
| Average Family Income | $107,000 (2022) | $111,235 (2015) |
| GDP at Basic Prices (million) | $2,366,372 (2021) | $1,889,103 |
Investment in Building Construction (% of 2021 GDP)
-
Figure 1 - Text version
Investment in Building Construction (% of 2021 GDP) Year Investment (% as of 2021 GDP) 2021 9.39% 2022 10.34% 2023 10.14% 2024 10.73%
Housing Price Index
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Figure 2 - Text version
Housing Price Index Year Toronto Montréal Vancouver Calgary Ottawa Edmonton Canada Housing Price Index (HPI) Values 2016 198.4 151.3 251.7 200.4 149 204.1 189.8 2017 238.8 159 273.7 198.1 154 204 220.1 2018 238.1 169 295.3 202 164.6 205 229.3 2019 236.8 178.3 261.5 196.8 174.7 200.3 220.6 2020 252.7 194.2 259.3 194.2 198.7 198.8 225.3 2021 291.6 223 280.8 201.4 247.7 206.3 258.9 2022 396 275.8 337 226.9 290.5 220.5 339.2 2023 340 264.8 316.4 240.8 260.3 212.1 296.9 2024 340.7 275.1 331.9 265.1 267.6 217.9 299.8 2025 342.2 293.1 333.6 275.5 281.6 244.3 300
Social Rental Housing
- In 2022, social rental housing stock was 3.5% of total housing stock. In 2011 it was 3.4%. (Note: excludes SHQ Quebec units).
- In 2022, Canada was below the OECD social rental housing stock avg of 7.1% and ranked 17th on this metric compared to the 33 other OECD countries.
Housing Metrics
| Metrics | 2016 | 2024 | Change |
|---|---|---|---|
| Housing Start | 197,916 | 245,367 | 19% |
| Housing Completion | 172,882 | 196,747 | 12% |
| Vacancy Rate | 3.70% | 2.20% | -68% |
| Home Ownership | 69% | 68% | -1% |
| Rental Units | 282,516 | 466,654 | 39% |
Homelessness & Shelter Use
- In 2023, there were 32,660 estimated shelter users experiencing chronic homelessness. This is an increase of 21.6% compared to a 2016 baseline.
- In 2023, Canada's avg shelter occupancy rate of 80.4% decreased compared to an occupancy rate of 91% in 2016.
Infrastructure Investment & Depreciation
| Infrastructure Investment & Depreciation | 2016 | 2023 | Change |
|---|---|---|---|
| Investment Private | $2.38 billion | $2.36 billion | -1% |
| Investment Public | $5.45 billion | $6.22 billion | 14% |
| Depreciation Private | $1.74 billion | $1.96 billion | 13% |
| Depreciation Public | $4.14 billion | $4.67 billion | 13% |
Infrastructure Stock
- In 2023, infrastructure stock for transport, and fuel and energy increased in both the public and private sectors. Overall, total infrastructure stock grew by 12% from 2016 to 2023.
CAPEX Ownership by order of government
- In 2023, the federal government owned 14% of Canada’s public capital expenditures on infrastructure assets, (PT) governments owned 58%, and local and regional governments owned 29%.
Public Infrastructure Condition
- In 2022, 14% of assets were in very poor or poor state, 21% in fair state, 56% in good or very good state, and 10% in unknown state.
Commuting & Public Transit
- In 2024, 11.4% of commuters mainly used public transit (versus 12.6% in 2016). In 2024, the avg commute time was 26.4 min (which is approx. pre-pandemic level).
International comparison
- In 2020, Canada ranked 2nd among G7 countries in total infrastructure investment as a percentage of GDP, behind Japan.
Replacement Value
- Approximate cost to replace public infrastructure assets tracked in Canada: $2.76 trillion dollars (2022)
Average Age & Remaining Useful Life
- From 2016 to 2023, the average age and remaining useful life of infrastructure assets in Canada remained constant at 13 years and 59%, respectively.
Climate Damages
- Total major insured losses from climate-related weather events in 2024: $8.5 billion.
GHG Emissions: Transportation & Buildings
- In 2022, transportation emitted 156 Mt of CO2e representing 22% of Canadian emissions. In 2016, transportation emitted 162 Mt also representing 22% of emissions.
- In 2022, the buildings sector emitted just under 89 Mt of CO2e representing 12.5% of emissions. In 2016, buildings emitted 86 Mt representing 11.8% of emissions.
Toronto
| 2024 | 2016 | |
|---|---|---|
| Population | 7,106,379 | 5,928,040 |
| Unemployment Rate | 7.8% | 7.7% |
| Average Family Income | $126,300 (2022) | $127,226 (2015) |
| GDP at Basic Prices (million) | $473,663 (2021) | $385,934 |
| % Contribution to National GDP | 20% (2021) | 20% |
Investment in Building Construction (% of 2021 GDP)
-
Figure 3 - Text version
Investment in Building Construction (% of 2021 GDP) Year Investment (% as of 2021 GDP) 2021 9.08% 2022 9.62% 2023 9.92% 2024 10.31%
Housing Starts and Completions
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 5-Year Change (2020 - 25) | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Starts | 39,027 | 38,738 | 41,107 | 30,462 | 38,587 | 41,898 | 45,109 | 47,428 | 44,990 | 47,303 | 23% |
| Completions | 34,613 | 37,132 | 37,750 | 27,410 | 30,841 | 36,723 | 28,955 | 43,139 | 22,007 | 32,787 | 6% |
Residential Building Permits Values
| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 5-Year Change (2019 - 24) | |
|---|---|---|---|---|---|---|---|---|---|
| Total Residential | 4,283,923 | 11,201,390 | 11,136,570 | 14,602,884 | 17,388,680 | 17,517,756 | 15,618,123 | 14,862,847 | 33% |
| Single Dwelling | 2,141,847 | 3,833,276 | 3,826,007 | 4,143,099 | 5,340,992 | 5,244,018 | 4,513,123 | 4,352,936 | 14% |
| Multiple Dwelling | 2,142,076 | 7,368,114 | 7,310,563 | 10,459,785 | 12,047,688 | 12,273,738 | 11,105,000 | 10,509,911 | 44% |
Rental Unit count and Rental Vacancy Rate
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Units | 116,685 | 123,855 | 129,547 | 137,794 | 144,863 | 155,568 | 168,274 | 183,241 | 207,925 |
| Vacancy Rate | 1.3% | 1% | 1.1% | 1.5% | 3.4% | 4.6% | 1.6% | 1.4% | 2.5% |
Housing Price Index
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Figure 4 - Text version
Housing Price Index Year Housing Price Index (HPI) Values 2016 198.4 2017 238.8 2018 238.1 2019 236.8 2020 252.7 2021 291.6 2022 396 2023 340 2024 340.7 2025 342.2
Note: R² = 0.7557
Municipal Capital Expenditures
- Annual 4-Year Average of the City of Toronto and its regions: $8.93 billion (2024-2027).
- Per capita: $1,441 per CMA resident.
Public Infrastructure Condition
- % of Toronto CMA’s infrastructure condition in 2022:
| Condition | Percentage |
|---|---|
| Very Poor | 2% |
| Poor | 6% |
| Fair | 19% |
| Good | 28% |
| Very Good | 22% |
| Unknown | 23% |
Commuting & Public Transit
- In 2024, 22.7% of commuters used public transit, up from 15.6% in 2021 but below 24.4% in 2016. Average commute time in 2024 was 33.3 min, up from 32.2 min in 2022, but below 34.1 min in 2016.
% of National Infrastructure Stock
- % of national public infrastructure owned within Toronto CMA, across tracked asset categories in 2022: 7.57%.
Replacement Value
- Approximate cost in 2022 to replace public infrastructure assets tracked within Toronto CMA: $209.2 billion.
| Asset Group | Funding |
|---|---|
| Active Transportation | $5.3 billion |
| Bridges and tunnels | $14.7 billion |
| Culture, recreation and sports | $12.4 billion |
| Potable water | $31.4 billion |
| Wastewater | $42.8 billion |
| Stormwater | $40.8 billion |
| Public transit | $23.7 billion |
| Roads | $37.3 billion |
| Solid waste | $0.8 billion |
Year of Construction
-
Figure 5 - Text version
Significant Linear Assets (KM) Year Road Linear Water Prior to 1940 860 4,044 1940 to 1969 3,756 9,443 1970 to 1999 9,365 14,861 2000 to 2009 3,383 5,957 2010 to 2019 1,894 3,718 2020 to 2022 421 427 Unknown 1,439 3,879
Montréal
| 2024 | 2016 | |
|---|---|---|
| Population | 4,615,154 | 4,104,074 |
| Unemployment Rate | 6.3% | 7.5% |
| Average Family Income | $103,100 (2022) | $103,883 (2015) |
| GDP at Basic Prices (million) | $253,901 (2021) | $200,945 |
| % Contribution to National GDP | 11% (2021) | 11% |
Investment in Building Construction (% of 2021 GDP)
-
Figure 6 - Text version
Investment in Building Construction (% of 2021 GDP) Year Investment (% as of 2021 GDP) 2021 9.92% 2022 10.67% 2023 9.35% 2024 10.02%
Housing Starts and Completions
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 5-Year Change | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Starts | 17,834 | 24,756 | 25,000 | 25,112 | 27,274 | 32,343 | 24,149 | 15,235 | 20,859 | 13,159 | - 52% |
| Completions | 19,047 | 20,558 | 21,650 | 23,024 | 24,376 | 23,222 | 25,740 | 20,817 | 24,798 | 20,056 | - 18% |
Residential Building Permits Values
| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 5-Year Change | |
|---|---|---|---|---|---|---|---|---|---|
| Total Residential | 2,626,504 | 6,801,313 | 6,437,322 | 6,951,016 | 7,617,093 | 7,567,948 | 7,059,832 | 6,748,866 | -5% |
| Single Dwelling | 628,900 | 1,467,118 | 1,482,618 | 1,639,321 | 2,258,326 | 2,119,293 | 1,502,078 | 1,481,191 | 0% |
| Multiple Dwelling | 1,997,604 | 5,334,195 | 4,954,704 | 5,311,695 | 5,358,767 | 5,448,655 | 5,557,754 | 5,267,675 | 6% |
Rental Unit count and Rental Vacancy Rate
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Units | 28,453 | 32,178 | 34,198 | 35,346 | 40,354 | 40,708 | 44,925 | 45,181 | 49,502 |
| Vacancy Rate | 4.60% | 2.90% | 2.00% | 1.60% | 3.30% | 3.50% | 2.20% | 1.90% | 2.50% |
Housing Price Index
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Figure 7 - Text version
Housing Price Index Year Housing Price Index (HPI) Values 2016 151.3 2017 159 2018 169 2019 178.3 2020 194.2 2021 223 2022 275.8 2023 264.8 2024 275.1 2025 293.1
Note: R² = 0.9393
Municipal Capital Expenditures
- Annual 4-Year Average of Montreal’s ten major cities: $3.30 billion (2024-2027).
- Per capita: $1,076 per included resident.
Public Infrastructure Condition
- % of Montreal CMA’s infrastructure condition in 2022:
| Condition | Percentage |
|---|---|
| Very Poor | 5% |
| Poor | 8% |
| Fair | 24% |
| Good | 27% |
| Very Good | 24% |
| Unknown | 12% |
Commuting & Public Transit
- In 2024, 21.3% of commuters used Public Transit, up from 16.8% in 2022 and somewhat below 2016 levels (22.4%). Average commute time in 2024 was 29.0 min, up from 27 min in 2021 but below 30.0 min in 2016.
% of National Infrastructure Stock
- % of national public infrastructure owned within Montréal CMA, across tracked asset categories in 2022: 5.04%.
Replacement Value
- Approximate cost in 2022 to replace public infrastructure assets tracked within Montreal CMA: $139.3 billion.
| Asset Group | Funding |
|---|---|
| Active Transportation | $6.6 billion |
| Bridges and tunnels | $2.1 billion |
| Culture, recreation and sports | $15.4 billion |
| Potable water | $32.6 billion |
| Wastewater | $33.7 billion |
| Stormwater | $12.7 billion |
| Public transit | $0.01 billion |
| Roads | $36.0 billion |
| Solid waste | $0.2 billion |
Year of Construction
-
Figure 8 - Text version
Significant Linear Assets (KM) Year Road Linear Water Prior to 1940 887 2,865 1940 to 1969 3,190 10,570 1970 to 1999 6,910 16,137 2000 to 2009 2,888 6,057 2010 to 2019 2,366 3,883 2020 to 2022 1,334 2,654 Unknown 1,091 1,411
Vancouver
| 2024 | 2016 | |
|---|---|---|
| Population | 3,108,941 | 2,463,431 |
| Unemployment Rate | 5.9% | 5.8% |
| Average Family Income | $114,300 (2022) | $115,694 (2015) |
| GDP at Basic Prices (million) | $183,140 (2021) | $138,344 |
| % Contribution to National GDP | 8% (2021) | 7% |
Investment in Building Construction (% of 2021 GDP)
-
Figure 9 - Text version
Investment in Building Construction (% of 2021 GDP) Year Investment (% as of 2021 GDP) 2021 9.84% 2022 11.80% 2023 12.26% 2024 12.91%
Housing Starts and Completions
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 5-Year Change | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Starts | 27,914 | 26,204 | 23,404 | 28,141 | 22,371 | 26,013 | 25,983 | 33,244 | 23,954 | 30,648 | 37% |
| Completions | 18,148 | 21,806 | 24,555 | 22,603 | 24,039 | 25,229 | 21,440 | 20,797 | 21,421 | 20,778 | -14% |
Residential Building Permits Values
| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 5-Year Change | |
|---|---|---|---|---|---|---|---|---|---|
| Total Residential | 2,927,941 | 7,656,117 | 7,048,083 | 7,947,639 | 8,116,048 | 9,786,611 | 8,439,078 | 8,267,614 | 17% |
| Single Dwelling | 904,729 | 1,481,488 | 1,143,698 | 1,177,832 | 1,284,468 | 1,459,814 | 1,439,078 | 1,566,139 | 37% |
| Multiple Dwelling | 2,023,212 | 6,174,629 | 5,904,385 | 6,769,807 | 6,831,580 | 8,326,797 | 7,000,000 | 6,701,475 | 13% |
Rental Unit count and Rental Vacancy Rate
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Units | 58,089 | 59,930 | 58,849 | 69,967 | 77,232 | 79,782 | 87,632 | 93,961 | 101,610 |
| Vacancy Rate | 0.70% | 0.90% | 1.00% | 1.10% | 2.60% | 1.20% | 0.90% | 0.90% | 1.60% |
Housing Price Index
-
Figure 10 - Text version
Housing Price Index Year Housing Price Index (HPI) Values 2016 151.3 2017 159 2018 169 2019 178.3 2020 194.2 2021 223 2022 275.8 2023 264.8 2024 275.1 2025 293.1
Note: R² = 0.6805
Municipal Capital Expenditures
- Annual 4-Year Average of Vancouver’s ten major cities: $2.47 billion (2024-2027).
- Per capita: $1,104 per included resident.
Public Infrastructure Condition
- % of Vancouver CMA’s infrastructure condition in 2022:
| Condition | Percentage |
|---|---|
| Very Poor | 5% |
| Poor | 9% |
| Fair | 21% |
| Good | 29% |
| Very Good | 21% |
| Unknown | 15% |
Commuting & Public Transit
- In 2024, 20.5% of commuters used Public Transit, up from 16.3% in 2022. Avg commute time in 2024 was 30.5 min, up from 27.3 min in 2021 and slightly up from 29.8 min in 2016.
% of National Infrastructure Stock
- % of national public infrastructure owned within Vancouver CMA, across tracked asset categories in 2022: 2.64%.
Replacement Value
- Approximate cost in 2022 to replace public infrastructure assets tracked within Vancouver CMA: $72.9 billion.
| Asset Group | Funding |
|---|---|
| Active Transportation | $4.3 billion |
| Bridges and tunnels | $4.2 billion |
| Culture, recreation and sports | $10.0 billion |
| Potable water | $11.8 billion |
| Wastewater | $13.6 billion |
| Stormwater | $13.9 billion |
| Public transit | $0.2 billion |
| Roads | $14.7 billion |
| Solid waste | $0.3 billion |
Year of Construction
-
Figure 11 - Text version
Significant Linear Assets (KM) Year Road Linear Water Prior to 1940 192 1,317 1940 to 1969 1,094 5,414 1970 to 1999 5,749 11,721 2000 to 2009 2,107 2,841 2010 to 2019 806 2,257 2020 to 2022 157 455 Unknown 227 1,155
Calgary
| 2024 | 2016 | |
|---|---|---|
| Population | 1,778,881 | 1,392,609 |
| Unemployment Rate | 7.6% | 9.3% |
| Average Family Income | $131,300 (2022) | $162,881 (2015) |
| GDP at Basic Prices (million) | $115,136 (2021) | $101,118 |
| % Contribution to National GDP | 5% (2021) | 5% |
Investment in Building Construction (% of 2021 GDP)
-
Figure 12 - Text version
Investment in Building Construction (% of 2021 GDP) Year Investment (% as of 2021 GDP) 2021 10.50% 2022 12.68% 2023 13.68% 2024 13.81%
Housing Starts and Completions
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 5-Year Change | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Starts | 9,245 | 11,534 | 10,971 | 11,909 | 9,235 | 15,017 | 17,306 | 19,579 | 17,007 | 19,241 | 108% |
| Completions | 13,239 | 11,014 | 9,732 | 11,134 | 10,705 | 10,774 | 13,641 | 15,111 | 13,483 | 14,936 | 40% |
Residential Building Permits Values
| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 5-Year Change | |
|---|---|---|---|---|---|---|---|---|---|
| Total Residential | 1,383,490 | 3,490,114 | 3,521,079 | 3,836,445 | 4,590,251 | 4,842,491 | 5,065,619 | 5,661,115 | 61% |
| Single Dwelling | 811,612 | 1,692,731 | 1,615,806 | 1,792,189 | 2,237,427 | 2,226,890 | 2,552,988 | 2,899,988 | 79% |
| Multiple Dwelling | 571,878 | 1,797,383 | 1,905,273 | 2,044,256 | 2,352,824 | 2,615,601 | 2,512,631 | 2,761,127 | 45% |
Rental Unit count and Rental Vacancy Rate
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Units | 18,172 | 21,753 | 23,216 | 25,896 | 26,520 | 28,384 | 29,003 | 29,373 | 28,844 |
| Vacancy Rate | 6.90% | 6.20% | 3.90% | 3.70% | 6.50% | 5.10% | 2.70% | 1.40% | 4.80% |
Housing Price Index
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Figure 13 - Text version
Housing Price Index Year Housing Price Index (HPI) Values 2016 200.4 2017 198.1 2018 202 2019 196.8 2020 194.2 2021 201.4 2022 226.9 2023 240.8 2024 265.1 2025 275.5
Note: R² = 0.7504
Municipal Capital Expenditures
- Annual 4-Year Average of Calgary’s cities: $2.07 billion (2024-2027).
- Per capita: $1,515 per included resident.
Public Infrastructure Condition
- % of Calgary CMA’s infrastructure condition in 2022:
| Condition | Percentage |
|---|---|
| Very Poor | 4% |
| Poor | 5% |
| Fair | 18% |
| Good | 36% |
| Very Good | 34% |
| Unknown | 3% |
Commuting & Public Transit
- In 2024, 12.3% of commuters used public transit, up from 5.8% in 2022. Avg commute time in 2024 was 25.3 min in 2024, up from 24.3 min in 2021 and down slightly from 26.6 min in 2016.
% of National Infrastructure Stock
- % of national public infrastructure owned within Calgary CMA, across tracked asset categories in 2022: 3.16%.
Replacement Value
- Approximate cost in 2022 to replace public infrastructure assets tracked within Calgary CMA: $87.3 billion.
| Asset Group | Funding |
|---|---|
| Active Transportation | $4.3 billion |
| Bridges and tunnels | $3.4 billion |
| Culture, recreation and sports | $4.4 billion |
| Potable water | $19.5 billion |
| Wastewater | $20.3 billion |
| Stormwater | $15.2 billion |
| Public transit | $5.4 billion |
| Roads | $14.5 billion |
| Solid waste | $0.3 billion |
Year of Construction
-
Figure 14 - Text version
Significant Linear Assets (KM) Year Road Linear Water Prior to 1940 224 319 1940 to 1969 2,382 2,831 1970 to 1999 5,605 12,155 2000 to 2009 1,935 4,111 2010 to 2019 2,384 3,266 2020 to 2022 1,090 483 Unknown 22 206
Ottawa
| 2024 | 2016 | |
|---|---|---|
| Population | 1,660,269 | 1,371,576 |
| Unemployment Rate | 5.7% | 7.0% |
| Average Family Income | $117,100 (2022) | $121,444 (2015) |
| GDP at Basic Prices (million) | $98,693 (2021) | $76,579 |
| % Contribution to National GDP | 4% (2021) | 4% |
Investment in Building Construction (% of 2021 GDP)
-
Figure 15 - Text version
Investment in Building Construction (% of 2021 GDP) Year Investment (% as of 2021 GDP) 2021 8.85% 2022 8.46% 2023 7.76% 2024 7.61%
Housing Starts and Completions
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 5-Year Change | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Starts | 5,298 | 7,457 | 7,539 | 7,782 | 9,950 | 10,221 | 11,032 | 9,245 | 10,743 | 9,002 | -10% |
| Completions | 5,029 | 5,394 | 6,845 | 5,936 | 7,787 | 8,635 | 8,346 | 9,087 | 8,280 | 9,015 | 16% |
Residential Building Permits Values
| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 5-Year Change | |
|---|---|---|---|---|---|---|---|---|---|
| Total Residential | 1,057,870 | 2,578,563 | 3,066,764 | 3,334,267 | 3,674,477 | 4,052,943 | 3,610,631 | 3,138,173 | 2% |
| Single Dwelling | 564,725 | 1,163,469 | 1,217,522 | 1,223,074 | 1,574,561 | 1,489,651 | 1,102,864 | 1,056,309 | -13% |
| Multiple Dwelling | 493,145 | 1,415,094 | 1,849,242 | 2,111,193 | 2,099,916 | 2,563,292 | 2,507,767 | 2,081,864 | 13% |
Rental Unit count and Rental Vacancy Rate
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Units | 12,985 | 127,425 | 14,092 | 13,807 | 14,190 | 14,101 | 12,979 | 14,352 | 13,822 |
| Vacancy Rate | 3.40% | 2.20% | 1.50% | 1.80% | 3.40% | 2.80% | 1.90% | 2.00% | 2.50% |
Housing Price Index
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Figure 16 - Text version
Housing Price Index Year Housing Price Index (HPI) Values 2016 149 2017 154 2018 164.6 2019 174.7 2020 198.7 2021 247.7 2022 290.5 2023 260.3 2024 267.6 2025 281.6
Note: R² = 0.8755
Municipal Capital Expenditures
- Annual 4-Year Average of Ottawa’s cities: $1.50 billion (2024-2027).
- Per capita: $1,121 per included resident.
Public Infrastructure Condition
- % of Ottawa CMA’s infrastructure condition in 2022:
| Condition | Percentage |
|---|---|
| Very Poor | 3% |
| Poor | 8% |
| Fair | 28% |
| Good | 27% |
| Very Good | 31% |
| Unknown | 4% |
Commuting & Public Transit
- In 2024, 11.7% of commuters used public transit, up from 8.5% in 2022. Avg commute time in 2024 was 26.1 min, up from 23.6 min in 2021, and down slightly from 27.3 min in 2016.
% of National Infrastructure Stock
- % of national public infrastructure owned within Ottawa CMA, across tracked asset categories in 2022: 2.97%.
Replacement Value
- Approximate cost in 2022 to replace public infrastructure assets tracked within Ottawa CMA: $82.1 billion.
| Asset Group | Funding |
|---|---|
| Active Transportation | $2.5 billion |
| Bridges and tunnels | $4.0 billion |
| Culture, recreation and sports | $3.0 billion |
| Potable water | $19.2 billion |
| Wastewater | $12.1 billion |
| Stormwater | $14.6 billion |
| Public transit | $4.2 billion |
| Roads | $22.2 billion |
| Solid waste | $0.4 billion |
Year of Construction
-
Figure 17 - Text version
Significant Linear Assets (KM) Year Road Linear Water Prior to 1940 1,790 6,321 1940 to 1969 1,852 3,015 1970 to 1999 4,028 7,546 2000 to 2009 1,510 2,438 2010 to 2019 1,465 2,558 2020 to 2022 552 954 Unknown 415 557
Edmonton
| 2024 | 2016 | |
|---|---|---|
| Population | 1,631,614 | 1,321,441 |
| Unemployment Rate | 7.6% | 8.5% |
| Average Family Income | $117,300 (2022) | $141,238 (2015) |
| GDP at Basic Prices (million) | $93,271 (2021) | $86,839 |
| % Contribution to National GDP | 4% (2021) | 5% |
Investment in Building Construction (% of 2021 GDP)
-
Figure 18 - Text version
Investment in Building Construction (% of 2021 GDP) Year Investment (% as of 2021 GDP) 2021 7.61% 2022 8.35% 2023 7.97% 2024 10.07%
Housing Starts and Completions
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 5-Year Change | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Starts | 10,036 | 11,435 | 10,038 | 10,720 | 11,512 | 12,546 | 14,586 | 13,184 | 14,451 | 13,062 | 13% |
| Completions | 15,123 | 10,753 | 10,091 | 10,384 | 11,363 | 11,277 | 11,866 | 13,976 | 11,491 | 13,534 | 19% |
Residential Building Permits Values
| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 5-Year Change | |
|---|---|---|---|---|---|---|---|---|---|
| Total Residential | 1,440,114 | 3,118,125 | 2,480,973 | 2,848,041 | 3,198,004 | 3,432,864 | 3,664,651 | 4,468,194 | 80% |
| Single Dwelling | 843,109 | 1,574,801 | 1,170,572 | 1,303,872 | 1,538,762 | 1,617,559 | 1,963,508 | 2,005,336 | 71% |
| Multiple Dwelling | 597,005 | 1,543,324 | 1,310,401 | 1,544,169 | 1,659,242 | 1,815,305 | 1,701,143 | 2,462,858 | 88% |
Rental Unit count and Rental Vacancy Rate
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Units | 15,904 | 20,258 | 20,186 | 21,382 | 21,778 | 22,659 | 23,444 | 24,647 | 19,314 |
| Vacancy Rate | 7.10% | 7.00% | 5.30% | 4.90% | 7.20% | 7.30% | 4.30% | 2.40% | 3.10% |
Housing Price Index
-
Figure 19 - Text version
Housing Price Index Year Housing Price Index (HPI) Values 2016 204.1 2017 204 2018 205 2019 200.3 2020 198.8 2021 206.3 2022 220.5 2023 212.1 2024 217.9 2025 244.3
Note: R² = 0.5763
Municipal Capital Expenditures
- Annual 4-Year Average of Edmonton’s cities: $1.64 billion (2024-2027).
- Per capita: $1,287 per included resident.
Public Infrastructure Condition
- % of Edmonton CMA’s infrastructure condition in 2022:
| Condition | Percentage |
|---|---|
| Very Poor | 6% |
| Poor | 7% |
| Fair | 22% |
| Good | 29% |
| Very Good | 29% |
| Unknown | 7% |
Commuting & Public Transit
- In 2024, 9.6% of commuters used public transit, up from 8.5% in 2022. Avg commute time in 2024 was 25.6 min, up from 23.9 min in 2021, and down slightly from 26.0 in 2016.
% of National Infrastructure Stock
- % of national public infrastructure owned within Edmonton CMA, across tracked asset categories in 2022: 1.28%.
Replacement Value
- Approximate cost in 2022 to replace public infrastructure assets tracked within Edmonton CMA: $35.2 billion.
| Asset Group | Funding |
|---|---|
| Active Transportation | $1.7 billion |
| Bridges and tunnels | $3.6 billion |
| Culture, recreation and sports | $3.1 billion |
| Potable water | $2.9 billion |
| Wastewater | $1.9 billion |
| Stormwater | $1.8 billion |
| Public transit | $3.5 billion |
| Roads | $16.3 billion |
| Solid waste | $0.3 billion |
Year of Construction
-
Figure 20 - Text version
Significant Linear Assets (KM) Year Road Linear Water Prior to 1940 756 64 1940 to 1969 4,116 2,115 1970 to 1999 4,067 5,235 2000 to 2009 1,209 1,661 2010 to 2019 928 1,285 2020 to 2022 118 268 Unknown 408 165
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