Posts Tagged ‘housing supply’
GST relief for first-time home buyers now in effect
After almost a year since the Prime Minister announced the government’s intention to remove the GST on new homes under $1 million and lower it on homes between $1 million and $1.5 million for first-time buyers, Bill C-4 (the bill containing the legislation) has finally received Royal Assent.
Read MoreNew home selling conditions reach a critical low point for future industry capacity
CHBA’s Q4 2025 Housing Market Index results continue to raise red flags, signaling even fewer future housing starts for homeownership and warning of diminished long-term industry capacity if layoffs continue and strategic action is not taken to help the market rebound soon.
Read MoreCanada’s new home construction challenges ongoing amid economic uncertainty
CHBA’s 2025 Q2 Housing Market Index (HMI) saw little change since last quarter, with builders remaining decidedly pessimistic about sales conditions. CHBA’s single-family HMI is 24.9 (out of 100), and the multi-family HMI is 22.8 – both at near record lows, and firmly in negative builder sentiment territory for the twelfth straight quarter.
Read MoreDim 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’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.
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