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Kitchener–Cambridge–Waterloo vs. London: construction market comparison

How residential construction in Kitchener–Cambridge–Waterloo and London differs on activity, growth, mix and cost, using population-normalized official data.

Trailing 12 months ending June 2026

What separates these markets

  • Housing-start intensity is similar: Kitchener–Cambridge–Waterloo 7.94 and London 7.57 starts per 1,000 residents.
  • Kitchener–Cambridge–Waterloo started more units than it completed over the past 12 months (7.94 starts vs. 6.05 completions per 1,000).

Generated from the values in the tables below using fixed, symmetric rules. Descriptive only — not a forecast.

Activity and intensity

Activity and intensity: Kitchener–Cambridge–Waterloo and London
MetricKitchener–Cambridge–WaterlooLondon
Housing starts per 1,000 residents 7.947.57
Housing starts, trailing 12 months 5,5714,794
Housing completions per 1,000 residents Higher value is 1.09× the lower6.056.60
Units under construction per 1,000 residents Higher value is 1.11× the lower11.4810.36
Pending starts per 1,000 residents Higher value is 2.72× the lower0.942.56
Dwelling units authorized per 1,000 residents 8.037.75

Growth (latest 12 months vs. prior 12 months)

Growth (latest 12 months vs. prior 12 months): Kitchener–Cambridge–Waterloo and London
MetricKitchener–Cambridge–WaterlooLondon
Housing starts, change vs prior 12 months +85.6%+48.4%
Completions, change vs prior 12 months +65.3%+34.2%
Residential permit value growth (nominal) +18.2%+15.9%
Residential permit value growth (constant dollars) +15.5%+13.3%
Single-dwelling permit value growth (constant dollars) +2.7%−5.0%
Multiple-dwelling permit value growth (constant dollars) +19.4%+18.9%
Residential investment growth (nominal) +22.8%+18.0%
Residential investment growth (constant dollars) +20.0%+15.0%

Market mix

Market mix: Kitchener–Cambridge–Waterloo and London
MetricKitchener–Cambridge–WaterlooLondon
Renovation share of residential investment 44.1%39.0%
Alterations share of residential permit value 8.2%7.0%
Single-detached share of housing starts 7.8%8.7%
Apartment share of housing starts 86.1%78.5%
Rental share of housing starts 52.5%65.0%

Construction cost

Construction cost: Kitchener–Cambridge–Waterloo and London
MetricKitchener–Cambridge–WaterlooLondon
Residential construction price growth Not published+5.9%

Size

Size: Kitchener–Cambridge–Waterloo and London
MetricKitchener–Cambridge–WaterlooLondon
Population 701,568633,002

Nominal growth includes construction-price change; constant-dollar growth is Statistics Canada’s price-adjusted series. Values not published for a market read “Not published”.

Rankings where they differ most

More comparisons

Sources and data period

Figures cover the trailing 12 months ending June 2026, the latest period published for all 16 markets. Source data retrieved through September 12, 2026. This page was built on November 8, 2026; the build date is not the data period. Values not published by the source are shown as “Not published”, never estimated.

Methodology, definitions and limitations

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    Construction Market Intelligence

    An independent publication built from official Statistics Canada and CMHC data. Current data: trailing 12 months ending June 2026.

    Contains information licensed under the Open Government Licence – Canada. Not affiliated with or endorsed by Statistics Canada or CMHC.