Posts Tagged ‘housing affordability’
Dim outlook for new home construction in Ontario and BC as sentiment in Canada’s new home construction industry stays in near record-low territory
CHBA’s 2025 Q1 Housing Market Index (HMI) is in its eleventh quarter of negative sentiment since dropping from the post-pandemic highs in 2021 and early 2022. While industry sentiment has been low for eleven quarters, builders have typically remained optimistic that future sales would be an improvement over their current sales conditions (though still in negative territory). However, that optimism has dissolved.
Read MoreCHBA welcomes Federal Government removing GST on new construction homes for first-time buyers
Today’s announcement by Prime Minister Mark Carney that the Government of Canada will eliminate the Goods and Services Tax (GST) for first-time homebuyers on homes at or under $1 million is a welcome move to help make housing more affordable for those looking to buy their first home. It will also help spur the creation of more housing supply, which is much needed. CHBA has also argued that while an important permanent move, GST relief is especially significant now as it will help to counter price increases due to tariffs.
Read MoreTariffs negative impact on overall economy will likely slow down housing starts
Today on Parliament Hill during a press conference to release the third CHBA Municipal Benchmarking Study, Canadian Home Builders’ Association (CHBA) CEO Kevin Lee took the opportunity to speak about how the U.S. tariffs and Canada’s countervailing tariffs would likely impact Canada’s residential construction industry.
Read MoreCHBA’s Municipal Benchmarking Study Shows Housing Affordability Has Worsened Due to Municipal Development Charges and Delays
The Canadian Homebuilders’ Association (CHBA) has released its 2024 Municipal Benchmarking Study that examines how local development processes, approvals, and charges impact housing affordability and housing supply in major housing markets across the country.
Read MoreImpacts of Trump Tariffs on Canadian Residential Construction Sector
CHBA condemns U.S. President Trump’s 25% tariffs that will further degrade housing affordability both in the United States and Canada, and urges the federal government to do what it can to help mitigate the impacts on an industry that is already struggling to build more housing supply and keep costs down for buyers.
Read MoreMulti-family builder sentiment lowest since early 2021, single-family not far behind as home sales in Canada continue their downward slide
CHBA’s 2024 Q4 Housing Market Index (HMI) shows further decline in the sentiment of Canada’s homebuilding industry, a result of current poor selling conditions for both single-family and multi-family homes through Ontario and British Columbia, with other areas of the country also dipping since the previous quarter, and a weak outlook for the near future.
Read More2024 CHBA Home Buyer Preference Survey results indicate what Canadians expect from their homes
The Canadian Home Builders’ Association (CHBA) has released the results from its ninth annual CHBA Home Buyer Preference Survey, a nationwide market research study powered by Avid Ratings Canada. The 2024 Canadian Home Buyer Preferences is a high-level summary publication that comes with the full study data set, allowing users to customize data splicing on more than 50 in-depth areas of home design, building features, buying preferences, and demographics, including age, location, household formation, purchase price, and more.
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