Information and Statistics

Housing Market Index

CHBA's Housing Market Index

A ground-breaking Canadian research and economics product, CHBA’s Housing Market Index (HMI) is a residential construction industry sentiments indicator for both the single-family and multi-family markets in Canada. This informative product provides a much-needed leading indicator about the current and future health of the residential construction industry in Canada. It is the only sentiments indicator for the sector in the country and has been modelled on the very successful and influential American version delivered by the National Association of Home Builders’, which is used regularly by financial analysts, the Federal Reserve, policymakers, economic analysts, and the news media. Through this new CHBA Housing Market Index, CHBA is looking to do the same for Canada. The CHBA HMI will be released on a quarterly basis, providing a regular litmus test for the residential construction industry, which is one of Canada’s largest employers and whose health is critical to the overall Canadian economy. Read the latest quarterly results.

Cover and page sample of 2021 EPR

Economic Impacts of the Housing Industry

The residential construction industry has significant economic impacts across Canada at the national, provincial and community levels and is crucial to the Canadian economy at large and in every single community, creating jobs at the local level that help our communities thrive. Each year, CHBA reports on the estimated economic impacts of residential activity for the past year based on Statistics Canada and Canada Mortgage and Housing Corporation (CMHC) data. In addition to fact sheets for each community across the country, CHBA's annual publication, Residential Construction in Canada – Economic Performance Review 2020 with 2021 Insights, provides a holistic overview of the housing market and the significant economic impacts of the residential construction industry in Canada. The report leverages published government data from a variety of sources, with more analysis, explanations, and graphs. Read more here.

Cover of Municipal Benchmarking Report

CHBA's Municipal Benchmarking Study

Housing affordability continues to be a challenge in all parts of the country. A key component of affordability is the price of a home, and a major part of the price is the cost to develop and build. In Canada, municipal processes, approvals, and charges have been steadily increasing. This adds cost to building both low-rise and high-rise housing, contributes to higher prices, and ultimately erodes affordability. CHBA's Municipal Benchmarking Study examines how local development processes, approvals, and charges contribute to housing affordability and supply issues in major housing markets. It is intended to help establish standards that municipalities can and should aim to meet, and that industry and the public can and should call for, with supporting data and best practices to show the way. It is an opportunity to start a productive conversation for all, identifying best practices, ways to improve processes, and opportunities for governments and industry to work together to tackle affordability and other housing challenges. Read it here.

BuildForce Residential Summary 2021 Report

Residential Construction Labour Market Forecast

BuildForce Canada, with whom CHBA works extensively, affirmed in their 2021 report that there are tremendous career opportunities available for young women and men in Canada’s residential construction industry. The report outlines how an aging labour work force and the expected retirement of over 134,600 construction workers will continue to be a key driver of demand requirements in the next decade. According to BuildForce Canada, the residential construction industry will need to attract and train an estimated 148,000 workers over the coming decade to backfill retirements and meet rising demands for new home construction and renovation. Employment in Canada’s residential sector is expected to rise over the next five years along with growing activity and increased retirement levels. Read BuildForce’s full Residential Summary 2021-2030 report here.