Tag: CMHC
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Toronto Is Building More Rentals Than Condos For The First Time In 32 Years
Toronto’s housing construction market is undergoing a major shift, with purpose-built rental apartments now overtaking condominium construction for the first time in more than three decades. According to the Canada Mortgage and Housing Corporation’s Fall 2026 Housing Supply Report, rental apartment starts in the Toronto region surpassed condominium apartment starts for the first time since…
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Ottawa Condo Construction Just Fell 49% As Developers Shift To Rentals
Ottawa’s new housing market is undergoing a major shift as condominium construction falls sharply and purpose-built rental apartments take over a growing share of development. According to the Canada Mortgage and Housing Corporation’s Fall 2026 Housing Supply Report, Ottawa condominium apartment starts fell 49% year over year. At the same time, purpose-built rentals now account…
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More Canadians Are Choosing Variable Mortgages Again As Rate Uncertainty Grows
Canadian mortgage borrowers are increasingly turning back to variable-rate mortgages and shorter fixed terms after several years of major interest rate volatility. A new Canada Mortgage and Housing Corporation analysis published September 8 shows that variable-rate mortgages have regained a significant share of new mortgage originations. During the first quarter of 2026, variable rates accounted…
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Toronto Condo Construction Has Collapsed With Just 156 Units Started In The First Half Of 2026
Toronto’s condo construction slowdown has reached a dramatic new level, with just 156 condominium units started in the City of Toronto during the first half of 2026. According to the Canada Mortgage and Housing Corporation’s latest Housing Supply Report, that is a massive drop compared with the previous decade, when the city averaged roughly 7,000…
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Toronto Housing Starts Just Fell 10% As New Construction Slows
Toronto needs significantly more housing in the years ahead, but the latest construction numbers are moving in the opposite direction. New data from the Canada Mortgage and Housing Corporation shows housing starts across the Toronto area fell 10% year-over-year in July 2026, driven by a decline in multi-unit construction. A total of 1,540 homes started…
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Every Province Ranked by Housing Affordability in Canada
Housing affordability looks very different depending on where you live in Canada. In some provinces, average home prices remain below $400,000. In others, buyers are still facing price tags close to or above $800,000, even after several years of market cooling. Based on the latest available provincial home price data, here is how every Canadian…
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How Much Income You Need to Buy a Starter Home in Ontario in 2026
Buying a first home in Ontario has become more realistic than it was during the height of the pandemic housing boom, but affordability remains a major hurdle for many buyers. While home prices have moderated in several markets, higher mortgage rates continue to make qualifying for a home more challenging than many first-time buyers expected.…
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Canada’s Plan To Buy Unsold Condos Is Sparking Debate Over A Potential Developer Bailout
The federal government’s plan to purchase thousands of unsold condominiums in British Columbia is generating both support and criticism as Canada’s housing slowdown continues. Prime Minister Mark Carney recently announced a partnership with the Government of British Columbia to convert more than 2,200 vacant condominium units into affordable housing. Supporters say the plan could quickly…
