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.
New single-family home sales fall to record low
There was a slowdown in new home sales in the Greater Toronto Area in November with sales of new single-family homes falling to a record low.
Non-Resident ownership of condo apartments remains low and stable
The share of condominium apartments owned by non-residents remains low in the 17 Canadian Census Metropolitan Areas (CMAs) surveyed, with the majority reporting shares of less than 1%.
Minister Duclos continues transformation of federal housing system, announces appointments to CMHC Board of Directors
The Honourable Jean-Yves Duclos, Minister of Families, Children and Social Development and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC) today announced seven appointments to the CMHC Board of Directors.
Construction of new homes in Canada hits highest level in nearly a decade
The annual pace of housing starts increased more than expected in March and hit their highest level since September 2007. The Canada Mortgage and Housing Corp. says the seasonally adjusted annual rate of housing starts for March came in at 253,720 units, up from 214,253 in February.