Canada

Canadian New Housing Starts Fell For A Fourth Month, But Still Much Higher Than Usual

Falling Canadian housing investment is starting to weigh on new housing activity. Canada Mortgage and Housing Corporation (CMHC) data shows housing starts fell in September. The drop comes after hitting a multi-year high earlier this year. Even with the drop, building activity is still elevated above historic levels.   Canadian Housing Starts Fell To 271,000 Units […]

Canada

Canadian Home Building Costs Make The Largest Jump On Record: Stat Can

Canadian home builders have faced soaring labor and material costs, and now there’s confirmation. The Statistics Canada (Stat Can) building construction price index made a record climb in the second quarter of 2021. Costs jumped significantly higher for homebuilders, even if just compared to non-residential construction. Homebuilders saw the fastest increases in “hot” housing markets […]

Canada

Canadian Housing Investment Forecast To Make A Sharp Decline: Desjardins

A large Canadian financial institution sees housing investment moderating soon. Desjardins has forecast residential investment will begin tapering in the second quarter of this year. They also see negative growth next year, as other segments of the economy start to draw in some dollars. Canadian Residential Investment Grew 43% Residential investment has seen obscene growth […]