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Tag: Canadian New Construction

Canada

Canada’s New Home Sale Slowdown Is Hitting Luxury Sales Hard

June 28, 2021

Canadian home sales are sliding lower across the country, and new homes aren’t immune to the dive. The absorption of newly-built and priced homes slipped in April, according to the CMHC. The good news is the most popular purchase price range for new homes is lower than you think it is. The bad news is, […]

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Canada

Canadian Housing Investment Forecast To Make A Sharp Decline: Desjardins

June 23, 2021

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 […]

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Canada

Lumber Prices Have Crashed Over 45%, Dropping A Point Per Day On Average

June 21, 2021

Weak home sales and generally slowing demand have sent lumber prices into a tailspin. The price for the commodity shed another 7 points over the past 7 days. Lumber is now trading at almost half the cost it was 45 days ago, at the record high. Even with that kind of haircut, experts see prices […]

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Canada

Canada Started 1.8 New Homes Per Person The Population Grew By In The Past Year

June 15, 2021

More housing supply is on the way, according to Canada’s national housing agency. New urban housing starts increased in May, shows Canada Mortgage and Housing Corporation (CMHC) data. The rise in activity is still below the peak seen earlier in the year. Similar to what’s happening in the US, starts have begun to fall from […]

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Canada

Canadian Home Builders Are Asking Buyers For More Money To Finish Building

May 20, 2021

Phew! Canadian real estate prices are soaring, so it’s a good thing you bought years ago, and are just waiting for it to be built. About that… The cost of building a new home has increased so fast, many developers are struggling with costs. Buyers who thought they secured a home at prices years ago, […]

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Canada

Canada Completed 18 Homes Per Person Added To The Population Last Quarter

February 24, 2021

Canada’s population growth may have slowed, but new home completions are still moving at a breakneck speed. Canada Mortgage and Housing Corporation (CMHC) data shows developers delivered over 50,000 new homes in Q4 2020. The number of new homes began outpacing population growth in the prior quarter. The ratio went parabolic in the latest numbers […]

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Canada

Canadian Investment In Residential Home Construction Drops Over 21%

July 21, 2020

Investment in home building is falling across Canada, especially in its largest real estate markets. Statistics Canada (Stat Can) data shows residential building construction investment was down in May. This trend is strongest in markets like Toronto, Vancouver, and Montreal – where investment has dropped at a faster rate than the national average. Canadian Residential […]

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Canada

StatCan: Canadian New Home Prices Fall The Most Since 2009

September 13, 2019

Canadian new home prices are dropping for the first time in nearly a decade. The Statistics Canada (StatCan) New Home Price Index (NHPI) shows prices dropping for a third consecutive month in July. The national decline in new home prices in 2019 is the first since the Great Recession. Canadian New Home Prices Fall For […]

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Canada

Canada’s GDP Gets A Boost By Deepening Reliance On Real Estate

August 30, 2019

Canada’s dependence on real estate to grow the economy just got deeper… or made a death rattle. Statistics Canada (StatCan) numbers show residential investment showed quarterly growth in Q2 2019. The increase represents one of the few sectors of growth that boosted GDP in the most recent quarter. While residential investment rose on the quarter, […]

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Canada

Canadian New Home Starts Jump, Pushed By Montreal and Vancouver

August 12, 2019

Canadian real estate developers are putting a lot of shovels in the ground. Canada Mortgage and Housing Corporation (CMHC) numbers show a large jump in the number of new homes starting construction. The rise is led by a big increase in Montreal and Vancouver. Toronto, which leads North America in active cranes, is starting to […]

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