Public Safety Minister Ralph Goodale (Regina-Wascana, Sask.), along with Delbert Kirsch, MLA for Batoche, and Jan Thomas, Executive Director of Habitat for Humanity Prince Albert, officially celebrated the opening of the Habitat for Humanity home in Duck Lake. The full release is available online. Call 819-654-5546. Canada Mortgage and Housing Corporation released a new study, Examining Escalating House … Read more
Families, Children and Social Development Minister Jean-Yves Duclos (Québec, Que.), Peter Milczyn, Ontario’s Minister of Housing and Minister Responsible for the Poverty Reduction Strategy, and Jim Watson, Mayor of the City of Ottawa, announced that the federal, provincial and municipal governments are investing over $74 million to create more than 675 affordable housing units in Ottawa. The full release … Read more
Canada Mortgage and Housing Corporation has released the 2018 Prospective Home Buyer Survey. This survey, the first of its kind for CMHC, explores the dynamics of home buying intentions for three groups of future homebuyers, including First-Time Buyers, Previous Owners and Current Owners, and provides a comprehensive review of overall awareness and understanding of the … Read more
CMHC’s Housing Market Assessment continues to find housing markets in Toronto, Hamilton, Vancouver and Victoria highly vulnerable due to price acceleration and overvaluation. There is low evidence of overbuilding overall at the national level but there are concerns surrounding overbuilding in Calgary, Edmonton, Saskatoon and Regina. In these markets, the inventory of new but unsold homes … Read more
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. This trend measure is a six-month moving average of the monthly seasonally adjusted annual rates of housing starts. “Despite the variation in activity across the country, the national trend in housing … Read more
The share of condominium apartments owned by non-residents remains low in the 17 Canadian Census Metropolitan Areas surveyed, with the majority reporting shares of less than 1 per cent. Non-resident ownership shares remained stable in Vancouver and Toronto, while Montreal saw an increase. Results are from Canada Mortgage Housing Corporation’s Housing Market Insight — Canada. The … Read more
The trend in housing starts was 226,270 units in November 2017, compared to 216,642 units in October 2017, according to Canada Mortgage and Housing Corporation. This trend measure is a six-month moving average of the monthly seasonally adjusted annual rates of housing starts. “The trend in housing starts reached its highest level in almost 10 years this November, … Read more
Parliamentary Secretary to the Minister of Families, Children and Social Development (Housing and Urban Affairs) Adam Vaughan (Spadina-Fort York, Ont.) was in Windsor, Ont, where he shared details of the 10-year, $40 billion National Housing Strategy that will help reduce homelessness and improve the availability and quality of housing for Canadians in need. The full release is … Read more
Canada Mortgage and Housing Corporation released its 2017 third quarter financial report, as well as supplemental data on its Mortgage Loan Insurance, Securitization, and Covered Bonds business activities. New this quarter is the addition of Assisted Housing supplemental data. The full release is available online. Call 613-748-2734.
The average vacancy rate for purpose-built rental apartment units across Canadian centres with a population of 10,000 or more decreased from 3.7 per cent in October 2016 to 3.0 per cent in October 2017, according to Canada Mortgage and Housing Corporation’s 2017 Rental Market Survey. This reverses the increases observed in 2015 and 2016 and leaves the vacancy rate at … Read more
