housing data Archives - Mortgage Rates & Mortgage Broker News in Canada

Housing starts up in six largest cities but construction still not closing supply gap

September 26, 2024 No Comments

The Canada Mortgage and Housing Corp. says construction of new homes in Canada’s six largest cities rose 4% year-over-year during the first half of 2024, but housing starts were still not enough to meet growing demand.

CMHC says annual pace of housing starts in June down 9% from May

July 16, 2024 No Comments

Canada Mortgage and Housing Corp. says the annual pace of housing starts in June fell 9% compared with May.

CMHC exceeds 2023 housing goals despite economic headwinds

May 9, 2024 No Comments

The Canada Mortgage and Housing Corporation surpassed its 2023 housing targets despite difficult economic conditions and internal financial struggles.

Canada Mortgage and Housing Corp. says the annual pace of housing starts in January fell 10 per cent compared with December. Framers work on a new house under construction in Airdrie, Alta., Friday, Jan. 28, 2022.THE CANADIAN PRESS/Jeff McIntosh Canada Mortgage and Housing Corp. says the annual pace of housing starts in January fell 10 per cent compared with December. Framers work on a new house under construction in Airdrie, Alta., Friday, Jan. 28, 2022.THE CANADIAN PRESS/Jeff McIntosh

CMHC reports annual pace of housing starts in January down 10% from December

February 15, 2024 No Comments

Canada Mortgage and Housing Corp. says the annual pace of housing starts in January fell 10 per cent compared with December.

Housing supply gap worse than first thought: 5 million extra homes needed by 2030, CIBC says

February 8, 2024 1 Comment

A new report from CIBC deputy chief economist Benjamin Tal suggests Canada’s housing supply gap is even worse than first thought.

OREA calls on government to increase housing supply

OREA calls for bold action to address Ontario’s housing shortfall

February 1, 2024 No Comments

Despite making progress on its goal of building 1.5 million new homes by 2031, the Ontario government must do more to improve housing stock and cut down on bureaucratic obstacles, the Ontario Real Estate Association (OREA) says.

Housing supply and its role in the affordability crisis

Single-detached housing starts down 25% from last year: CMHC

October 5, 2023 No Comments

The number of new single-detached houses under construction in the first half of 2023 was down 25% compared to last year.

Recent rate hikes continue to slow housing activity in Canada’s largest cities

September 11, 2023 No Comments

Housing markets in the country’s largest markets continued to moderate in August, following the Bank of Canada’s recent interest rate hikes over the summer.

BoC rate hike put a chill on Canadian housing in June

July 6, 2023 1 Comment

While home sales remain higher on an annual basis in most of Canada’s major housing markets, activity—and prices— have largely cooled down compared to May.

Mortgage debt taking up a record share of income

March 14, 2023 No Comments

Borrowers are now spending roughly $1 out of every $13 of their disposable income on servicing their mortgages. That’s according to Statistics Canada’s fourth-quarter national

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