The total monthly seasonally adjusted annual rate (SAAR) of housing starts for Canada was 229,030 units in February, a 4% decline from January’s 239,322 units. The Canada Mortgage and Housing Corporation reports actual housing starts were down 17% year-over-year in...
Municipal fees are driving up the costs of new home construction in Canada, according to the 2024 Municipal Benchmarking Study from the Canadian Homebuilders Association (CHBA). The study determined that municipal fees charged on new residential developments increased...
First-time Canadian homebuyers are facing steep obstacles in price appreciation, rapid population growth, and a limited supply of affordable housing stock, according to the newly published RE/MAX Canada’s Nation of Renters Report. The report stated the erosion...
Insurance Bureau of Canada (IBC), the national industry association representing Canadian private home, auto and business insurers, has blamed Prime Minister Justin Trudeau’s for failing to protect property owners from climate-related disasters during 2024....
Canada’s Federal Housing Minister Sean Fraser has decided that he will not run in next year’s federal election, creating a new vacancy in Prime Minister Justin Trudeau’s cabinet. CTV News reported that two unnamed “senior federal government sources” claimed Fraser is...
Small Mortgages Fall Below 3% of Originations, Exposing Rural Lending Gap
