Canada’s housing markets not as vulnerable as prices fall more than 5%, CMHC Report
For the first time in 2.5 years, Canada Mortgage and Housing Corporation has rated the housing market as only moderately vulnerable, indicating the hot conditions characterized by bidding wars and sky-high prices may be cooling off a little.
Making Housing more Affordable: Canada’s First-Time Home Buyer Incentive
The recent federal Budget proposed a series of incentives that demonstrates the government’s commitment to housing affordability, and CMHC is proud to take a leading role in many of them. We know that you’re particularly anxious for details regarding the new First-Time Home Buyers Incentive (FTHBI).
Government of Canada to Build Safe and Affordable Housing in Woodstock
According to the Canada Mortgage And Housing Corporation (CMHC): Every Canadian deserves a safe and affordable place to call home. That is why, in May 2018, the Government launched the National Housing Co-Investment Fund (NHCF), the largest program of its kind in Canadian history.
Canadian Housing Starts Trend Held Steady in January
The trend in housing starts was 208,131 units in January 2019, compared to 207,171 units in December 2018, according to Canada Mortgage and Housing Corporation (CMHC). This trend measure is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR) of housing starts.
Fall Economic Statement
Today’s Economic Outlook And Fiscal Review demonstrated that the Ford Government is taking a considered, measured and strategic approach to meeting the province’s housing challenges – including matters of affordability – while recognizing the need to create an environment that encourages the development of new, purpose-built rental housing.
Housing Market Activity to Moderate in 2019 and 2020: CMHC Report
Canada’s housing markets should see a moderation in both housing starts and sales while house prices are expected to reach levels that are more in line with economic fundamentals such as income, job and population growth.
Doug Ford: The Millennials’ Best Friend?
Promising to create more housing supply was the first step, now industry leaders are calling on the Ford Government to put into action the solutions that will bring much-needed supply into the marketplace and make housing affordable for Millennials.
Canadian housing starts trend stable in December
The trend in housing starts was 226,777 units in December 2017, compared to 226,178 units in November 2017, according to Canada Mortgage and Housing Corporation (CMHC).
Government takes another step to ban asbestos with new, proposed rules
The federal government has laid out a tough set of proposed new regulations to prohibit the use, sale, import and export of asbestos and products that contain it, as well as the manufacture of products containing the cancer-causing mineral.
New Construction Act receives Royal Assent: Industry awaits proclamation, regulations
Following Royal Assent just before Christmas, Ontario’s new Construction Act will radically reform industry practices, including payment terms and dispute resolution.