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CMHC

New home construction rose while home sales came down in May

by Anas Siddiqui
New home construction rose while home sales came down in May

The annual rate of new home construction was up in May, while home sales were slightly down, according to data released separately on Monday by the Canada Mortgage and Housing …

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Mortgage debt is growing at its slowest pace in 23 years — but that could be short-lived, says CMHC

by Anas Siddiqui
Mortgage debt is growing at its slowest pace in 23 years — but that could be short-lived, says CMHC

Mortgage debt grew at its slowest pace in 23 years in February, amid high borrowing costs and reservations related to the Bank of Canada’s key interest rate — but the slowdown likely …

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Home sales and new home construction both drop in April

by Anas Siddiqui
Home sales and new home construction both drop in April

The annual rate of housing starts in Canada fell slightly by one per cent compared with March 2024, while the number of residential home sales dropped in the same period of …

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Apartment construction surged last year but demand still outpacing supply, says CMHC

by Anas Siddiqui
Apartment construction surged last year but demand still outpacing supply, says CMHC

A surge in new apartment construction drove housing start increases in some major Canadian cities last year, but demand continues to outweigh supply, according to a report released Wednesday by the …

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First-time homebuyer incentive program ending, CMHC says – National

by Vera Ward
First-time homebuyer incentive program ending, CMHC says – National

By Staff The Canadian Press Posted March 1, 2024 2:27 pm 1 min read Descrease article font size Increase article font size Canada’s housing agency says it is ending the …

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New home construction in January was down 10% from December, says CMHC

by Anas Siddiqui
New home construction in January was down 10% from December, says CMHC

New home construction in Canada fell by 10 per cent in January compared to December, as fewer multi-unit urban homes, such as townhouses, were built, according to the country’s national …

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Rent hits another record high in January as average asking price reaches $2,196

by Anas Siddiqui
Rent hits another record high in January as average asking price reaches ,196

The average asking price for rent in Canada reached $2,196 in January, a 10 per cent increase from this time last year — marking another record high amid a deepening rental crisis. According to data released …

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Annual pace of housing starts in Canada down 22% in November, says CMHC

by Anas Siddiqui
Annual pace of housing starts in Canada down 22% in November, says CMHC

The pace of housing starts in Canada fell by 22 per cent in November, the Canada Mortgage and Housing Corp. said Friday. The agency says the monthly seasonally adjusted annual rate …

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Ottawa making financing cheaper for more builders to spur rental construction – National

by Vera Ward
Ottawa making financing cheaper for more builders to spur rental construction – National

The Liberal government’s latest plan to get more rental housing built is to expand a program that helps developers secure cheaper mortgage rates as higher interest costs affect the viability …

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Is Housing Accelerator Fund enough as calls grow for ‘wartime’ push? – National

by Vera Ward
Is Housing Accelerator Fund enough as calls grow for ‘wartime’ push? – National

Municipalities across Canada are waiting to find out if they will get a piece of the federal government’s $4-billion Housing Accelerator Fund (HAF). But as they wait, there are growing …

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