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

Higher interest rates resulted in 30,000 fewer housing starts last year: CMHC

October 3, 2024 No Comments

A report by Canada Mortgage and Housing Corp. says higher interest rates decreased housing starts by about 30,000 units last year.

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 July up 16% from June

August 19, 2024 No Comments

The annual pace of housing starts in July climbed 16% compared with June as starts of multi-unit projects shot higher for the month, Canada Mortgage and Housing Corp. says.

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.

More rental housing development needed despite recent rise: RBC economist

July 3, 2024 2 Comments

Even though rental housing construction in Canada has picked up significantly, more is needed to fill the demand backlog, according to a new RBC report.

CMHC says annual pace of housing starts in May up 10% from April

June 17, 2024 No Comments

Canada Mortgage and Housing Corp. says the annual pace of housing starts in May climbed 10 per cent compared with April, helped by gains in Montreal and Toronto.

New housing starts mean $100,000 per home needed to fund infrastructure: report

June 12, 2024 No Comments

As Canada aims to build homes faster, both the public and private sectors will need to boost spending on municipal infrastructure, a new report from the Canadian Urban Institute says.

Regulations, ‘fragmented’ construction sector holding back housing starts: CMHC

May 16, 2024 No Comments

A study by Canada’s national housing agency says housing starts aren’t keeping pace with residential construction resources available due to restrictive regulations and a “highly fragmented” industry.