Economic Impacts of the Housing Industry
Each year, CHBA produces Economic Impact Fact Sheets that report on the significant economic impacts of the residential construction industry across Canada at the national, provincial and community levels. The new home construction home and renovation industries are crucial to the Canadian economy at large and in every single community, creating jobs at the local level that help our communities thrive. The fact sheets reflect estimated economic impacts of residential activity for the past year based on Statistics Canada and Canada Mortgage and Housing Corporation (CMHC) data.
As of last year, CHBA is also pleased to present our annual publication: Residential Construction in Canada – Economic Performance Review 2020 with 2021 Insights. This report 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.
The report also includes our annual Economic Impact Fact Sheets which highlight the importance of the residential construction industry within Canada’s economy and in each community across the country. For your convenience, you can find the individual fact sheets using the Power BI Dashboard at the bottom of this page.