Tag: new construction Canada
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CMHC Says Development Charges Can Add Over $100K to New Homes
New homes in Canada are expensive for many reasons, from land costs and labour shortages to financing, materials, and taxes. But one cost is getting more attention from housing experts: development charges. According to Canada Mortgage and Housing Corporation, development charges can add $40,000 to more than $100,000 to the cost of a new home…
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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 Developers Are Sitting on a Record 18,998 Unsold New Homes
January 29, 2026 Canadian developers are holding a record number of completed new homes that still have not sold – a notable shift in a country where many projects are typically sold before completion, especially in the condo market. New CMHC-tracked data highlighted by Better Dwelling shows completed-and-unsold inventory reached 18,998 units in December 2025,…
Canada Housing Market 