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CMHC

A four-year-old girl plays house as Liberal Leader Justin Trudeau makes a campaign stop in Mississauga, Ont., where he spoke of his party’s policy on affordable housing. THE CANADIAN PRESS/Sean Kilpatrick Joel Roberts, York University,…

Real Estate

Canada Mortgage and Housing Corp. says annual pace of housing starts slowed in August

The Canadian Press Sep 17, 2021

OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts in August slowed compared with July as the rate of new home construction continued to slow from their highs earlier this year.The housing agency says the…

Real Estate

Federal leaders argue over affordability plans as campaigns make pitch for votes

Jordan Press and Christopher Reynolds – THE CANADIAN PRESS Sep 15, 2021

OTTAWA – The question of who would make life more affordable for Canadians hit the campaign trail Wednesday with party leaders defending why their spending plans would ease pressures as inflation hit a near two-decade high.On…

Real Estate

CREA lowers home sales forecast, but nudges average price higher

Tara Deschamps – THE CANADIAN PRESS Sep 15, 2021

Tight supply conditions and increasing home prices pushed the Canadian Real Estate Association to forecast the country will wrap the year with fewer home sales than it previously predicted.The association revealed an updated…

Real Estate

Affordability issues dotting campaign platforms from major parties

Mia Rabson – THE CANADIAN PRESS Aug 27, 2021

OTTAWA – Canada's main political parties say they are putting your pocketbook at the top of their agendas, with varying promises to help make everything from housing to food to mobile phone bills less costly.Affordability was…

Real Estate

O’Toole takes aim at Trudeau, Singh as inflation numbers shift focus of campaign

By Jordan Press – THE CANADIAN PRESS Aug 18, 2021

OTTAWA – Justin Trudeau's political opponents took aim at him on the campaign trail Wednesday over the cost of living, facing broadsides from Conservatives for the decade-high pace of price growth and the NDP for high housing prices.…

Real Estate

CMHC says annual pace of housing starts in Canada slowed in July

The Canadian Press Aug 17, 2021

OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts in July fell compared with June.The national housing agency says the annual pace of starts fell to 272,176 units in July compared with 281,200 in June.…

Real Estate

Canada’s housing strategy having ‘limited’ impact on housing need, PBO says

Christopher Reynolds – THE CANADIAN PRESS Aug 10, 2021

OTTAWA – The federal government has spent less than half of the funding earmarked for a pair of flagship housing programs as the need for affordable homes grows along with a yawning ``affordability gap,'' says Canada's budget watchdog.…

Real Estate

BMO Announces Commitment towards Affordable Housing in Canada

Building Aug 10, 2021

BMO announced a $12 billion commitment to finance affordable housing over a ten-year period in support of the Canada Mortgage and Housing Corporation's (CMHC) 2030 housing affordability for all Canadians. BMO's commitment will support…

Real Estate

Mortgage payments maintained, bidding wars prevalent during pandemic: CMHC

Building Jul 22, 2021

The Canada Mortgage and Housing Corporation (CMHC) recently released its 2021 Mortgage Consumer Survey within which, of homeowners surveyed, 85% indicated no difficulties in maintaining their mortgage payments during the Covid-19 pandemic,…

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