CMHC

Canadian builders started construction on more new condos, apartments and other multi-family homes in June compared to May, despite a slowing pace of building for detached homes in cities.Canada Mortgage and Housing Corp. says the…

Significant employment and income declines, coupled with uncertainty over the future trajectory of the virus and employment and income conditions, will lower demand for housing in 2020 reports Canada Mortgage and Housing Corporation (CMHC).…

CMHC's recent monthly Starts and Completions Survey (SCS), excluding Quebec, was 196,750 units in May 2020, down from 198,644 units in April 2020.Excluding Quebec, the trend was 151,072 units in May, down from 155,600 units in April…

The CMHC has reported that in order to protect future home buyers and reduce risk, it is changing its underwriting policies for insured mortgages. According to the CMHC, “the COVID-19 pandemic is affecting all sectors of Canada's economy,…

Canada's housing sector will see a retreat in prices, sales and building in the months ahead and likely won't see a return to pre-pandemic levels until at least the end of 2022, said Canada Mortgage and Housing Corp. in an outlook released…

Earlier this month, Canada Mortgage and Housing Corporation (CMHC) released its 2019 Annual Report, demonstrating its contributions to the stability of housing markets and the financial system while providing support for Canadians in…

CMHC has reported that its monthly Starts and Completions Survey (SCS) for April was conducted in each province with the exception of Québec, following the introduction of pandemic measures in the province in late March. Residential…

The Government of Canada, through Canada Mortgage and Housing Corporation (CMHC), is taking action to support Canadian individuals and businesses facing financial hardship as a result of the global COVID-19 virus pandemic.The…

OTTAWA – Developers started building fewer homes than expected in December, mostly because of a decline in multi-unit projects, Canada's housing agency said Thursday.Canada Mortgage and Housing Corp. said the seasonally adjusted annual…

CMHC's 2020 Housing Market Outlook calls for housing starts to stabilize over the next two years following two years of declines. The release also forecasts income and population growth that will support a rebound in home sales and…