cmhc housing starts

Housing starts down seven per cent in March from February: CMHC

April 16, 2024 No Comments

Canada Mortgage and Housing Corp. says the annual pace of housing starts in March declined seven per cent compared with February.

The Canada Mortgage and Housing Corp. says construction of new homes in Canada's six largest cities remained stable at near all-time high levels last year, driven by a surge of new apartment starts despite demand still outpacing supply for rental housing. New homes are built in Ottawa on Monday, Aug. 14, 2023. THE CANADIAN PRESS/Sean Kilpatrick The Canada Mortgage and Housing Corp. says construction of new homes in Canada's six largest cities remained stable at near all-time high levels last year, driven by a surge of new apartment starts despite demand still outpacing supply for rental housing. New homes are built in Ottawa on Monday, Aug. 14, 2023. THE CANADIAN PRESS/Sean Kilpatrick

Housing starts stable in 2023, but demand still outpaces growing supply of apartments

March 27, 2024 No Comments

CMHC says construction of new homes in Canada’s six largest cities remained stable at near all-time high levels last year.

New homes are constructed in Ottawa on Monday, Aug. 14, 2023. THE CANADIAN PRESS/Sean Kilpatrick

February housing starts increased 14% from January: Canada Mortgage and Housing Corp

March 15, 2024 No Comments

The pace of home construction rose in February as builders started on more apartments and condos, but the industry continues to struggle under cost pressures.

Canada Mortgage and Housing Corp. says the annual pace of housing starts in January fell 10 per cent compared with December. Framers work on a new house under construction in Airdrie, Alta., Friday, Jan. 28, 2022.THE CANADIAN PRESS/Jeff McIntosh Canada Mortgage and Housing Corp. says the annual pace of housing starts in January fell 10 per cent compared with December. Framers work on a new house under construction in Airdrie, Alta., Friday, Jan. 28, 2022.THE CANADIAN PRESS/Jeff McIntosh

CMHC reports annual pace of housing starts in January down 10% from December

February 15, 2024 No Comments

Canada Mortgage and Housing Corp. says the annual pace of housing starts in January fell 10 per cent compared with December.

Latest in mortgage news: nesto gains access to broker channel in exclusive deal with M3 Group

January 26, 2024 No Comments

Digital mortgage lender nesto this week announced an agreement with M3 Group that will allow it to start distributing mortgages through the broker channel.

Latest in mortgage news: BC regulator slaps CIBC with $3.4M fine over mortgage violation

October 19, 2023 No Comments

CIBC was recently fined over $3.4 million by British Columbia’s consumer protection agency, Consumer Protection BC, due to violations related to mortgage discharge documentation.

Housing supply and its role in the affordability crisis

Single-detached housing starts down 25% from last year: CMHC

October 5, 2023 No Comments

The number of new single-detached houses under construction in the first half of 2023 was down 25% compared to last year.

Latest in mortgage news: More education needed on mortgage rates, survey shows

August 17, 2023 No Comments

When it comes to understanding mortgage rates and their impact on monthly payments, many Canadian borrowers have room for improvement.

The latest in mortgage news: record population growth to keep upward pressure on home prices

July 20, 2023 No Comments

Canada’s expected population growth will worsen the already limited housing supply and result in even higher home prices, according to a new report