Housing starts rose in June: CMHC

OTTAWA — Canada Mortgage and Housing Corp. says the pace of housing starts rose in June, driven by urban multiple starts — condos, apartments and the like. The federal agency estimates there were 20,327 actual starts in June across the country, up from 18,494 in June 2011. Tweaked to remove monthly variations, that produced a […]

Condos drive Canada’s housing start surge

Canada’s condo building frenzy showed no sign of abating last month, as housing starts surged to their highest level since 2007. While some analysts had predicted housing starts would weaken after a particularly strong March, starts in April rose to an annualized rate of 244,900, readily beating predictions of 204,000 made by most economists.   […]

Two steady housing years ahead: CMHC

Canada’s housing market has two good years ahead of it yet, Canada Mortgage and Housing Corp. said Monday, with low interest rates and a “moderately” expanding economy keeping price corrections at bay. The Crown corporation – which insures Canadian mortgages – has had a consistently rosier view of the market than many private sector forecasters. Canadian banks […]

2011 Canadian Housing Observer

The Canadian Housing Observer presents a detailed annual review of housing conditions and trends in Canada and of the key factors behind them. It is an ideal resource for housing planners; researchers; policy makers; home builders; mortgage and real estate professionals; and municipal, provincial/territorial, and federal housing specialists. Highlighting the State of Canada’s Housing The […]

Canadian Housing Market to Remain Steady in 2011

OTTAWA, August 24, 2011 — Housing starts are forecast to remain steady in 2011 and 2012, according to Canada Mortgage and Housing Corporation’s (CMHC) third quarterHousing Market Outlook, Canada Edition.1 “Housing starts have been strong in the last few months, but are forecast to moderate closer in line with demographic fundamentals,” said Mathieu Laberge, Deputy Chief […]

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