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Keyword: Canada Mortgage and Housing Corporation

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Hand holding home buying house

More buyers are expected to enter the market as borrowing costs begin to decrease

Household debt burden

Total owed is up 3.4% year over year, representing slowest growth in 23 years

Housing start

The seasonally adjusted annual rate of housing starts in Canada came in at 240,229 units for April, a drop of 1% from March

home building

Despite month-over-month decline in March, housing starts trending 'at a solid pace': economist

saving for a home

Declining mortgage rates, strong population growth will help spur a rebound in sales and prices

Building under construction

CMHC says construction of new homes in Canada's six largest cities remained near all-time highs last year

The supply picture has improved somewhat in Ontario, but has worsened in other provinces like Quebec, Alberta, and British Columbia

Inflation causing price rising up, overvalued stock or funds, consumer purchasing power reducing concept, air balloon tied with product price tag flying high rising up in the sky.

The first $500 top-up was rolled out just before Christmas and distributed $402 million

  • By: Mia Rabson
  • September 1, 2023 September 1, 2023
  • 08:58
Wood homes under construction

Seasonally adjusted count of new starts comes in at 254,966 units in July, compared with 283,498 in June