January is off to a slow start with respect to housing completions and starts although more housing is under construction today than at anytime from since January 2020 (the first month for which I have tracking). The CMHC data that came out late last month shows 16,091 units under construction, of which the vast majority (13,005) are apartments. Starts in January were slow again this year: there were 155 starts this January which compares favourably year-over-year to 2023's 67, but both this year and last were well below the 2020-2022 numbers.