Posts Tagged ‘housing affordability’
Spring Economic Update Takes Steps Toward More Comprehensive Plan for Housing Supply and Affordability
CHBA is pleased to see a broad swath of measures for residential construction, both new and continuing, in today’s Spring Economic Update from the federal government. CHBA has continuously called for a comprehensive approach to addressing Canada’s housing supply and affordability crisis. While more measures are required, and details must be formalized to ensure the announced measures have the intended impact, today’s Update shows further steps in that direction.
Read MoreCanadians want to see holistic plan for market-rate housing in federal Spring Economic Update
Research conducted by Abacus Data on behalf of CHBA highlights the urgent need for a more comprehensive federal housing strategy that includes stronger support for market-rate housing. Just one in four Canadians believe the federal government has a formalized plan to address market-rate housing.
Read MoreLow builder confidence illustrates need for sustained federal action plan focused on homeownership housing
CHBA’s Q1 2026 Housing Market Index (HMI) shows near record-low builder confidence in the single-family market and a new record low in the multi-family market—signalling fewer housing starts for homeownership ahead without focused policy action. Even regions like Atlantic Canada and the prairies that had been weathering the trade-war storm are now slowing, with dropping builder confidence from coast to coast.
Read MoreCHBA applauds federal-Ontario plan to support municipal development charge reductions
CHBA welcomes today’s federal announcement to work with Ontario to support the reduction of municipal development charges (DCs) by up to 50%. More deals with other provinces are expected to come.
Read MoreFederal funding for provinces a step toward supporting homeownership affordability
CHBA is encouraged to see the federal government acknowledge that support for the construction of market-rate housing ownership is needed, via today’s introduction of Bill C-26, and emphasizes that strong accountability measures will be critical to ensure these funds are used effectively.
Read MoreCanadians Support Expansion of GST Relief on New Housing
Public opinion research conducted by Abacus Data for CHBA shows Canadians feel the recently passed Bill C-4 is a step toward improving housing affordability, but also that Canadians want and would support more GST relief on new housing.
Read MoreRenovators expect challenging market conditions ahead: Insight from Canada’s first Renovation Market Index Release
CHBA has released a new research and economics product focused on Canada’s residential renovation industry. The new CHBA Renovation Market Index (RMI) provides an indicator of the current and future health of the sector, and the inaugural results show renovators expect challenging market conditions ahead.
Read MoreGST Rebate for First-Time Home Buyers finally passes through House of Commons but Senate Rises before Passing
Bill C-4, which contains the GST Rebate for First-Time Home Buyers, has passed through the House of Commons. However, the Senate has now also been adjourned for winter recess and will not return until February 3, which means GST relief remains on hold and will not come to home buyers in 2025.
Read MoreParliamentarians set to end the year by giving more bad news to prospective homebuyers as GST rebate still not passed
Homebuyers wishing to get GST relief to move forward and buy a new home in the new year will instead be let down by a government professing to be concerned with affordability. Parliament is set to rise for winter break, once again having missed many opportunities to prioritize passing Bill C-4, which contains the long-promised GST rebate for new homes. The lack of action is keeping would-be buyers on the sidelines, amplifying Canada’s housing supply crisis, and further hurting a struggling home building industry.
Read MoreHomeownership Dreams Dimming as Policy Gaps and Layoffs Shake Industry
CHBA’s Q3 HMI shows Canada’s housing market faces record-low builder confidence, declining homeownership starts, and rising layoffs, as policy gaps and economic pressures shake the industry.
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