# Domaine-Deschamps: Shawinigan's Multi-Unit Surge Meets Stable National Rates Shawinigan's 2025 housing starts doubled to 479 units, heavily skewed toward multi-unit construction. National mortgage rates held steady at 2.25% in September 2026, but rising bond yields threaten fixed-rate stability for renewing borrowers. Published 2026-10-11. Evidence snapshot 2026-10-12. ## Key facts and reporting periods - Average Rent: 1696 cad. Property type: All. Scope: Shawinigan, QC. Reporting date: 2026-09-30. [Source](https://www.honestdoor.com/market-updates/post/grand-mere-shawinigan-september-2026) - Average Rent: 1432 cad. Property type: All. Scope: Shawinigan, QC. Reporting date: 2026-09-30. [Source](https://www.honestdoor.com/market-updates/post/grand-mere-shawinigan-september-2026) - Average Rent: 1658 cad. Property type: All. Scope: Shawinigan, QC. Reporting date: 2026-09-30. [Source](https://www.honestdoor.com/market-updates/post/lac-a-la-tortue-shawinigan-september-2026) - Price Growth: 5.92 percent. Property type: All. Scope: Shawinigan, QC. Reporting date: 2026-09-30. [Source](https://www.honestdoor.com/market-updates/post/grand-mere-shawinigan-september-2026) - Average Sale Price: 500000 cad. Property type: All. Scope: Shawinigan, QC. Reporting date: 2026-07-31. [Source](https://www.honestdoor.com/market-updates/post/shawinigan-sud-shawinigan-july-2026) ## Market summary Shawinigan's 2025 housing starts doubled to 479 units, heavily skewed toward multi-unit construction. National mortgage rates held steady at 2.25% in September 2026, but rising bond yields threaten fixed-rate stability for renewing borrowers. ## Central finding Shawinigan recorded 479 housing starts in 2025, nearly double the 241 started in 2024, with 81% of new construction focused on apartment and other multi-unit homes. This city-level supply surge occurs while national financing conditions remain stable but elevated, creating a specific transmission environment for local rental demand. Sources: [Is Shawinigan (QC) building more housing these days? - Inspurious](https://inspurious.com/story/dcf6c1cd-0bd6-4c79-a614-3c532695bea2) [Best mortgage rates Canada | Compare Canada mortgage rates | Ratehub.ca](https://www.ratehub.ca/best-mortgage-rates) ## How the numbers connect Shawinigan's 2025 housing starts increased by 98.8% compared to 2024, with multi-unit homes comprising 81% of the total. Calculation: (479 - 241) / 241 = 238 / 241 = 0.9876, rounded to 98.8%. Multi-unit share: 390 / 479 = 0.8142, rounded to 81%. Definitions: Housing starts are units approved and picked up to start construction, not completions or net additions. The period is calendar year 2025 versus 2024. The geography is the city of Shawinigan, QC. Limit: This calculation establishes a change in housing starts between two years at the city level. It does not establish a sustained trend, structural shift, or target-locality outcome for Domaine-Deschamps. Sources: [Is Shawinigan (QC) building more housing these days? - Inspurious](https://inspurious.com/story/dcf6c1cd-0bd6-4c79-a614-3c532695bea2) ## Stable Rates Mask Renewal Pressures The Bank of Canada held its policy rate at 2.25% on September 2, 2026, keeping lender prime rates at 4.45% and leaving variable mortgage payments unchanged. However, rising five-year Government of Canada bond yields near 3.65% are exerting upward pressure on fixed rates, with the lowest available five-year fixed mortgage rate in Canada at 4.24% as of September 18, 2026. This divergence between stable policy rates and climbing bond yields creates uncertainty for borrowers considering fixed-term products. Over the next year, approximately 12% of all outstanding Canadian mortgages, taken out during the pandemic era, will come up for renewal. These borrowers can expect their monthly payments to increase by an average of 15%. While national mortgage delinquency rates remain low at 0.24%, indicating most borrowers have absorbed higher payments, this renewal wave represents a significant test of household financial resilience. For Shawinigan residents, these national financing conditions apply directly, though no target-scoped transaction series establishes whether local demand or prices have already adjusted to these broader pressures. Sources: [Best mortgage rates Canada | Compare Canada mortgage rates | Ratehub.ca](https://www.ratehub.ca/best-mortgage-rates) [Royal LePage Blog | Canadian Real Estate News | Canada's housing market poised for a fall rebound after a slow spring - Royal LePage Blog | Canadian Real Estate News](https://blog.royallepage.ca/canadas-housing-market-poised-for-a-fall-rebound-after-a-slow-spring/) ## Multi-Unit Surge Reshapes City Supply Shawinigan recorded 479 housing starts in 2025, representing a 98.8% increase from the 241 units started in 2024. Of these 479 starts, 390 were apartment and other multi-unit homes, accounting for about 81% of the total. This heavy tilt toward multi-unit construction suggests the city's supply response is concentrated in the rental segment, which will likely exert downward pressure on future rental levels once these units are delivered and occupied. The Canada Housing Infrastructure Fund requires communities with populations over 30,000 to implement zoning changes allowing four units as-of-right to qualify for funding. Shawinigan, with a population of 51,739 in 2025, meets this threshold. While this federal condition encourages density, the specific impact on Domaine-Deschamps remains unmeasured. Sources: [Is Shawinigan (QC) building more housing these days? - Inspurious](https://inspurious.com/story/dcf6c1cd-0bd6-4c79-a614-3c532695bea2) [Canada Housing Infrastructure Fund - Housing, Infrastructure and Communities Canada](https://housing-infrastructure.canada.ca/housing-logement/chif-fcil/index-eng.html) ## The strongest counter-case National mortgage delinquency rates remain low at 0.24%, suggesting most borrowers have absorbed higher payments without falling behind. Additionally, TD Economics projects national sales will continue to rise through the second half of 2026, supported by pent-up demand, which could offset some downward pressure from increased multi-unit supply. Sources: [Royal LePage Blog | Canadian Real Estate News | Canada's housing market poised for a fall rebound after a slow spring - Royal LePage Blog | Canadian Real Estate News](https://blog.royallepage.ca/canadas-housing-market-poised-for-a-fall-rebound-after-a-slow-spring/) [https://economics.td.com/RealEstate](https://economics.td.com/RealEstate) ## Living here City-level amenities include École Dominique Savio, École Saint-Charles-Garnier, Parc Gervais, IGA, and Les marchés tradition. No direct amenities are mapped within Domaine-Deschamps. Recreation: A summer day camp program for children aged 5 to 12 is listed for several schools in Shawinigan, including école de la Petite-Rivières and école des Bâtisseurs. Sources: [École Dominique Savio](https://www.openstreetmap.org/way/487246798) [école de la Petite-Rivière, école des Bâtisseurs, école des Phénix, école Dominique-Savio, école Immaculée-Conception recreation programs](https://www.shawinigan.ca/activites-et-evenements/2021/04/27/camp-de-jour-dete-inscriptions-en-ligne-des-le-13-mai-a-16-h-30/) ## The early signal The 98.8% increase in Shawinigan's 2025 housing starts, with 81% being multi-unit, serves as a leading indicator for future rental supply expansion in the city. How it reaches the market: An increase in housing starts, particularly multi-unit, precedes the addition of new rental units to the market. As these units are completed and occupied, they increase rental supply, potentially moderating rent growth if demand does not outpace the new inventory. Typical lead time: Approximately 12-18 months before unit delivery impacts local rental inventory. Sources: [Is Shawinigan (QC) building more housing these days? - Inspurious](https://inspurious.com/story/dcf6c1cd-0bd6-4c79-a614-3c532695bea2) ## Next 3 months, through December 2026 Prices: flat. Flat to slightly rising for owner-occupied homes in Shawinigan; not a measured Domaine-Deschamps result. Why: Bank of Canada held rates at 2.25% on September 2, 2026. Rising five-year bond yields near 3.65% may push fixed rates higher. Shawinigan's 2025 starts (479 units) are not yet delivered, so immediate price impact is limited. Buyers: wait. Waiting allows buyers to monitor potential increases in fixed mortgage rates due to rising bond yields, which could affect affordability. Sellers: either way. Sellers can list now if motivated, but should be prepared for potential buyer hesitation if fixed rates rise further. Watch: A significant drop in bond yields that lowers fixed mortgage rates, or a surge in local listings indicating seller distress. Confidence: moderate. Sources: [Best mortgage rates Canada | Compare Canada mortgage rates | Ratehub.ca](https://www.ratehub.ca/best-mortgage-rates) [Is Shawinigan (QC) building more housing these days? - Inspurious](https://inspurious.com/story/dcf6c1cd-0bd6-4c79-a614-3c532695bea2) ## Next 6 months, through March 2027 Prices: rising. Rising for owner-occupied homes in Shawinigan; flat for rentals as new multi-unit supply enters the market. Not a measured Domaine-Deschamps result. Why: TD Economics projects national sales to rise through H2 2026. Shawinigan's multi-unit starts (390 units) begin approaching completion, adding to rental supply. National aggregate home prices rose 0.7% QoQ in Q1 2026. Buyers: buy now. Acting now captures current rate stability before potential volatility from trade-war-related inflation or growth weakness affects fixed rates. Sellers: list now. Sellers benefit from projected rising national sales and stable rates, maximizing pricing power before potential rate volatility. Watch: A decline in national sales projections or a sharp increase in local rental vacancies due to new multi-unit deliveries. Confidence: moderate. Sources: [https://economics.td.com/RealEstate](https://economics.td.com/RealEstate) [Housing Price Market Report: London – Q1 2026 | Royal LePage](https://www.royallepage.ca/en/realestate/info-and-advice/market-reports-and-surveys/housing-price-market-report-london-q1-2026/) [Is Shawinigan (QC) building more housing these days? - Inspurious](https://inspurious.com/story/dcf6c1cd-0bd6-4c79-a614-3c532695bea2) ## Next 12 months, through September 2027 Prices: falling. Flat to slightly falling for owner-occupied homes in Shawinigan; falling for rentals due to increased supply. Not a measured Domaine-Deschamps result. Why: Pandemic-era mortgage renewals (12% of outstanding mortgages) face an average 15% payment increase over the next year. Shawinigan's 2025 starts are largely delivered, increasing rental competition. CMHC notes Canada needs 187k-238k homes annually, implying continued supply pressure. Buyers: wait. Waiting allows buyers to assess the impact of mortgage renewal stress on the market and potential softening in prices as more multi-unit supply hits the market. Sellers: wait. Sellers may face increased competition from new multi-unit inventory and potential buyer caution due to mortgage renewal pressures, reducing urgency to sell immediately. Watch: A stronger-than-expected economic recovery that boosts demand, or a delay in multi-unit completions that keeps rental supply tight. Confidence: low. Sources: [Royal LePage Blog | Canadian Real Estate News | Canada's housing market poised for a fall rebound after a slow spring - Royal LePage Blog | Canadian Real Estate News](https://blog.royallepage.ca/canadas-housing-market-poised-for-a-fall-rebound-after-a-slow-spring/) [Housing research, finance and mortgage insurance in Canada | CMHC](https://www.cmhc-schl.gc.ca/professionals) [Is Shawinigan (QC) building more housing these days? - Inspurious](https://inspurious.com/story/dcf6c1cd-0bd6-4c79-a614-3c532695bea2) Assumptions: National interest rate stability continues through Q4 2026; Shawinigan's 2025 housing starts proceed to completion without significant delays; No major local policy changes alter zoning or development charges in the near term. What would reverse this: A sudden spike in bond yields could push fixed mortgage rates higher, dampening buyer demand and slowing the absorption of new multi-unit inventory, potentially leading to higher vacancy rates in Shawinigan. Sources: [Best mortgage rates Canada | Compare Canada mortgage rates | Ratehub.ca](https://www.ratehub.ca/best-mortgage-rates) [https://economics.td.com/RealEstate](https://economics.td.com/RealEstate) [Royal LePage Blog | Canadian Real Estate News | Canada's housing market poised for a fall rebound after a slow spring - Royal LePage Blog | Canadian Real Estate News](https://blog.royallepage.ca/canadas-housing-market-poised-for-a-fall-rebound-after-a-slow-spring/) [Housing research, finance and mortgage insurance in Canada | CMHC](https://www.cmhc-schl.gc.ca/professionals) [Is Shawinigan (QC) building more housing these days? - Inspurious](https://inspurious.com/story/dcf6c1cd-0bd6-4c79-a614-3c532695bea2) ## Sources - [Is Shawinigan (QC) building more housing these days? - Inspurious](https://inspurious.com/story/dcf6c1cd-0bd6-4c79-a614-3c532695bea2): First captured 20 September 2026; publication date unavailable. Scope: City, Shawinigan, QC. - [Best mortgage rates Canada | Compare Canada mortgage rates | Ratehub.ca](https://www.ratehub.ca/best-mortgage-rates): First captured 20 September 2026; publication date unavailable. Scope: National, CA. - [Royal LePage Blog | Canadian Real Estate News | Canada's housing market poised for a fall rebound after a slow spring - Royal LePage Blog | Canadian Real Estate News](https://blog.royallepage.ca/canadas-housing-market-poised-for-a-fall-rebound-after-a-slow-spring/): First captured 20 September 2026; publication date unavailable. Scope: city; National, CA. - [https://economics.td.com/RealEstate](https://economics.td.com/RealEstate): First captured 18 September 2026; publication date unavailable. Scope: National, CA. - [Canada Housing Infrastructure Fund - Housing, Infrastructure and Communities Canada](https://housing-infrastructure.canada.ca/housing-logement/chif-fcil/index-eng.html): First captured 18 September 2026; publication date unavailable. Scope: National, CA. - [École Dominique Savio](https://www.openstreetmap.org/way/487246798): date unavailable. Scope: city. - [école de la Petite-Rivière, école des Bâtisseurs, école des Phénix, école Dominique-Savio, école Immaculée-Conception recreation programs](https://www.shawinigan.ca/activites-et-evenements/2021/04/27/camp-de-jour-dete-inscriptions-en-ligne-des-le-13-mai-a-16-h-30/): date unavailable. Scope: city. - [Housing research, finance and mortgage insurance in Canada | CMHC](https://www.cmhc-schl.gc.ca/professionals): Source metadata date 17 September 2026; not a publication or event date. Scope: National, CA. - [Housing Price Market Report: London – Q1 2026 | Royal LePage](https://www.royallepage.ca/en/realestate/info-and-advice/market-reports-and-surveys/housing-price-market-report-london-q1-2026/): First captured 20 September 2026; publication date unavailable. Scope: National, CA. Prepared by Aurynge with AI-assisted research and writing. See /methodology for the evidence and publication policy.