housing

The Province of BC, the City of Vancouver, the BC Non-Profit Housing Association and the Pembina Institute, are working together on a home-safe initiative called the Reframed Lab.The pilot program aims to advance innovation in…

According to a Statistics Canada release, investment in building construction plunged 45.9% to $8.4 billion in April compared with the previous month. Previously, the largest national decline on record for the current series (which dates…

Statistics released by the Canadian Real Estate Association (CREA) show national home sales and new listings were up noticeably in May 2020 compared to April.Home sales recorded over Canadian MLS Systems rebounded by a record 56.9 per…

According to Rentals.ca and Bullpen Research & Consulting’s latest National Rent Report, the average monthly asking rent for all property types in Canada was down 1.4 per cent in May over April to $1,814.Toronto rents have declined…

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,…

OTTAWA – The economy appears to have avoided a worst-case scenario due to the COVID-19 pandemic, the Bank of Canada said Wednesday as it kept its key interest rate steady at its lower bound.The bank left its target for the overnight…

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…

According to the monthly National Rent Report from Rentals.ca and Bullpen Research & Consulting, average monthly rents were down in April over March in Toronto, Vancouver, Calgary and Ottawa.Although average rents in Canada were…