Elevated costs, weak demand, and a growing number of unsold homes will bedevil Canada’s homebuilders this year as new home construction will decline through 2028, according to the latest Housing Market Outlook released by Canada Mortgage and Housing Corporation...
The seasonally adjusted annualized rate of Canadian housing starts in November was up 9.4% in November (254,058 units) compared to October (232,245 units), according to data from the Canada Mortgage and Housing Corporation (CMHC). The year-to-date total was 219,077...
Canada recorded a 3% increase in the seasonally adjusted annual rate of housing starts in January with a total of 239,739 units, compared to December’s total of 232,492 units. The Canada Mortgage and Housing Corporation (CMHC) reported actual housing starts were up 7%...
Housing starts in Canada’s six largest census metropolitan areas (CMAs) totaled 68,639 units in the first half of this year, up by 4% from the 65,905 units in the same period during 2023, driven by significant increases in Calgary, Edmonton, and Montreal. According to...
The annual pace of Canadian housing starts dropped by 9% from May to June, according to new data from Canada Mortgage and Housing Corp. (CMHC), adding the seasonally adjusted annual rate of housing starts in June amounted to 241,672 units, down from 264,929 in May....
Small Mortgages Fall Below 3% of Originations, Exposing Rural Lending Gap
