CMHC: Iqaluit land-title transfers fell to 20 in 2025; social housing made up 93% of Nunavut construction investment
CMHC’s July 29 Northern Housing Report says Iqaluit recorded 20 residential land-title transfers in 2025, down from 24 in 2024, while the aggregate average sale price rose 1.9% to $776,556. Across Nunavut, CMHC says social housing represented 93% of new residential-construction investment in 2025 and real investment was 63% of its 2021 level. Sourcecmhc-schl.gc.ca↗ Sourcecmhc-schl.gc.ca↗
What happened
CMHC reports that ownership transactions in Iqaluit’s leasehold land system continued to decline in 2025. It attributes limited activity to fewer working-age residents, reliance on transient workers, severe affordability pressures and constrained supply. The report separately finds Nunavut’s 2025 residential construction was overwhelmingly social-housing-led, rather than driven by private construction. Sourcecmhc-schl.gc.ca↗ Sourcecmhc-schl.gc.ca↗
Why it matters
The figures show that Iqaluit’s ownership market had very few transactions even as prices increased, limiting opportunities for households seeking to buy or sell. Nunavut’s reliance on social housing means public and subsidized projects remain central to housing supply; CMHC cautions that anticipated private-market completions in 2026 are not expected to materially close the Territories’ per-capita housing-start gap. Sourcecmhc-schl.gc.ca↗ Sourcecmhc-schl.gc.ca↗
What happens next
CMHC expects private-market supply in Iqaluit to increase in 2026 as units already under construction are completed. That is an outlook, not confirmation of completed homes, a funding decision or a new housing program. Sourcecmhc-schl.gc.ca↗ Sourcecmhc-schl.gc.ca↗
Important details
The report’s Iqaluit figures are historical 2025 market data, not a current count of listings, sales or prices. CMHC describes the 20 transfers as almost half the recent average. The 93% social-housing share is an investment measure, not a share of all Nunavut homes or a count of new units. CMHC’s real-investment index is based on Statistics Canada’s Housing Economic Account, which publishes annual estimates by province and territory and by private or social housing. Sourcewww150.statcan.gc.ca↗ Sourcewww150.statcan.gc.ca↗
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