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.
Ontario Wood Industry Welcomes New Six-Storey Height Limit
Starting on January 1, 2015, it will be legal in Ontario to construct wood-frame buildings up to six storeys high. The previous height limit for wood frame construction was four storeys.