Tag: CMHC housing starts
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Canadian Housing Starts Fell 6% in May as Supply Concerns Continue
Canada’s housing construction pulled back in May, raising fresh questions about whether the country is building enough homes to improve affordability. According to Reuters, citing new data from Canada Mortgage and Housing Corporation, Canadian housing starts fell 6% in May from the previous month. The seasonally adjusted annualized rate dropped to 261,377 units, down from…
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Canadian Housing Starts Fall 6% in March, Missing Expectations
Canada’s housing supply outlook took another hit, with new data showing a decline in construction activity heading into the spring market. According to the Canada Mortgage and Housing Corporation, housing starts fell in March, raising concerns about whether supply can keep up with long-term demand. Housing Starts Decline in March The latest data shows that…
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Ontario Increasing Funding for Housing-Enabling Infrastructure
Ontario Premier Doug Ford has announced an additional $1.6 billion in funding for municipalities to support housing-enabling infrastructure projects. The funding boost is aimed at accelerating housing development across the province, particularly as Ontario struggles to keep pace with its ambitious homebuilding targets. $1.6 Billion for Housing Infrastructure The announcement was made at the Association…
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How a U.S. Trade War Could Impact Canada’s Housing Market
A potential trade war with the U.S. could significantly impact Canada’s housing market by driving up construction and renovation costs. Experts warn that new tariffs could raise the price of homebuilding materials, making homes less affordable and reducing new housing supply. How Tariffs Could Affect Home Prices The U.S. and Canada are major trading partners,…
Canada Housing Market 