housing supply 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.

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.”

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.

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.

Ontario to recount housing build numbers

Ontario considers housing data revisions after municipal concerns of undercounting

June 21, 2024 No Comments

Ontario is considering revising its tallies of how many homes are built in cities and towns across the province, after some complained that undercounting has cost them millions in provincial funding.

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.

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 reports annual pace of housing starts in April down 1% from March

May 15, 2024 No Comments

Canada Mortgage and Housing Corp. says the annual pace of housing starts in April edged down one per cent compared with March.

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