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Side-by-side comparison across intensity, direction, mix and cost, trailing 12 months ending June 2026. Values a source does not publish are shown as not published rather than estimated.

Read the full Montréal vs. Calgary comparison →

Montréal Calgary

What separates these markets

  • Calgary currently starts more than twice as many homes per resident as Montréal (13.25 vs. 6.20 per 1,000 residents).
  • Starts are moving in opposite directions: Montréal +36.4% and Calgary −12.8% versus the prior 12 months.
  • Montréal is far more renovation-oriented than Calgary (58.3% vs. 18.6% of residential investment).
  • Apartments make up 91.2% of starts in Montréal against 55.2% in Calgary.
  • Montréal's residential permit value rose 10.0% nominally and approximately 2.3% after adjusting for construction prices.

Intensity

Starts /1,000

Montréal: 6.20
Calgary: 13.25

Completions /1,000

Montréal: 5.23
Calgary: 14.10

Under construction /1,000

Montréal: 7.76
Calgary: 13.58

Pending starts /1,000

Montréal: 4.15
Calgary: 8.81

Direction

Zero is at the centre; decreases extend left and increases extend right.

Permit growth, nominal

Montréal: +10.0%
Calgary: −8.1%

Permit growth, constant-dollar

Montréal: +2.3%
Calgary: −9.8%

Starts vs. prior 12 months

Montréal: +36.4%
Calgary: −12.8%

Completions vs. prior 12 months

Montréal: +11.4%
Calgary: +4.7%

Residential investment growth, nominal

Montréal: +19.7%
Calgary: −16.2%

Residential investment growth, constant-dollar

Montréal: +11.6%
Calgary: −17.7%

Mix

Renovation share of investment

Montréal: 58.3%
Calgary: 18.6%

Alteration share of residential permit value

Montréal: 18.3%
Calgary: 4.0%

Apartment share of starts

Montréal: 91.2%
Calgary: 55.2%

Single-detached share of starts

Montréal: 4.7%
Calgary: 24.3%

Rental share of starts

Montréal: 84.6%
Calgary: 33.3%

Cost

Zero is at the centre; decreases extend left and increases extend right.

Residential construction price growth

Montréal: +7.4%
Calgary: +1.3%

Published comparisons

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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.