housing supply crisis Archives - Mortgage Rates & Mortgage Broker News in Canada

Mortgage rule changes will help spark demand, but supply challenges persist: experts

September 18, 2024 No Comments

Experts say Ottawa’s changes to mortgage rules could help spur demand among potential homebuyers, but supply challenges are likely to persist in Canada’s real estate sector despite lofty goals to build new housing.

Ontario sets new planning rules intended to boost home building

August 21, 2024 No Comments

Ontario’s housing minister announced a new set of planning rules Tuesday, which he said will set the stage for a “long-term building boom.”

How modular housing could speed up construction of much-needed homes

August 5, 2024 No Comments

For a country with such a severe shortage of housing, the way Canada builds homes hasn’t changed that much since the country was founded.

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.

Immigration provides important buffer for Canadian economy as population greys: RBC

May 30, 2024 No Comments

High levels of immigration are helping blunt the economic impact of Canada’s aging population even though it’s worsened challenges with housing affordability, a report by RBC 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.

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.

Budget 2024 housing highlights: capital gains inclusion rate on secondary homes rises to 66.7%

April 16, 2024 No Comments

Housing was a key priority in today’s federal budget, though it came as no surprise given the array of housing-related policy announcements unveiled in recent weeks.

In federal budget, Ottawa looks to Canada Post land for building housing supply

April 16, 2024 No Comments

The federal government is eyeing underutilized Canada Post and National Defence properties as a way to deliver affordability and supply to the country’s housing market.

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.

housing supply crisis