Canada’s housing supply is about to explode in growth as developers scramble to meet demand. Canada Mortgage and Housing Corporation (CMHC) data shows new starts surged in November. Most of the building is in cities where existing-home inventory is under pressure from elevated demand. Urban starts of new homes fell just short of hitting another […]
Canadian new housing starts are returning to reality as cheap capital starts to ease. The Canada Mortgage and Housing Corporation (CMHC), the country’s state-owned insurer, reported housing starts fell in October. Housing starts are exactly what they sound like — homes that have started construction. The drop was large enough to be considered a technical […]
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 […]
First it was Vancouver… then Toronto. Add Halifax to the list. Then Niagara, Hamilton… Woodstock? Don’t worry, I have no idea where that is either. Canadian real estate is now so frothy even the government can’t ignore it. The Canada Mortgage and Housing Corporation (CMHC) published its Q3 2021 Housing Market Assessment (HMA). In it […]
Canada plans to increase credit access for the country’s riskiest borrowers in the years to come. A re-elected government may not seem like change, but they promised a big one — larger insured mortgages. High-ratio borrowers will see an increase of up to 25% of their maximum mortgage size. Expansion of credit during a low […]
Canadian new housing supply is slowing, but no need to worry about a lack of inventory coming to market. Canada Mortgage and Housing Corporation (CMHC) data show new housing starts slipped lower in August. It might be premature to worry they might be falling too low though. Starts are significantly higher than usual, and not […]
Canadian new home sales have been a little soft, putting a drag on new home starts. Canada Mortgage and Housing Corporation (CMHC) data shows new housing starts slipped lower in July. The decline shows a little moderation from the all-time peak a few months ago. Even with the decline though, new starts are higher than […]
Canadian real estate prices have been generous to sellers over the past year, but not so much for buyers. The Canada Mortgage and Housing Corporation (CMHC) released the results of its annual Mortgage Consumer Survey for 2021. One of the more interesting stories told in the data is how buyers are navigating this market. It […]
Canada’s state-owned mortgage insurer will be loosening mortgage insurance standards. The Canada Mortgage and Housing Corporation (CMHC) announced they’ll reverse some pandemic measures. They tightened the borrower criteria for insurance at the beginning of the outbreak. Unfortunately, it did little but lost the agency market share. Their competition was more than happy to pick up […]
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, […]
