housing supply crisis Archives - Mortgage Rates & Mortgage Broker News in Canada

Canada sees largest monthly drop in residential construction investment since 2021

June 23, 2025 No Comments

Residential construction investment fell 4.5% in April to $15.5 billion, the steepest monthly decline in dollar terms in nearly three years, led by a sharp pullback in multi-unit projects.

Cranes are seen above a condo development

Home construction must double over next decade to restore 2019 affordability: CMHC

June 19, 2025 No Comments

Canada Mortgage and Housing Corp. says up to 4.8 million new homes will need to be built over the next decade to restore affordability levels last seen in 2019 based on projected demand.

Thinking about a prefab home or secondary suite? Here’s what to consider

June 13, 2025 No Comments

When our clients Chris and Brianne Curry completed the construction of their modular backyard home earlier this year, it was more than just a personal win, it became a real-life example of how Canadian homeowners can take control of housing challenges in their own communities.

Provinces ‘hold the key’ to unlocking homebuilding, new report argues

May 29, 2025 No Comments

While the federal government and cities across Canada are making strides on expanding the housing supply, the provinces still need to get serious about building quality homes, a new report released Thursday argues.

Ontario to table bill to speed up home building as 1.5M target not on track

May 12, 2025 1 Comment

Ontario’s housing minister is introducing legislation today intended to speed up the construction of new homes, as he admits the province isn’t currently on track to meet its goal of getting 1.5 million homes built over 10 years.

500,000 fewer homes needed in Canada by 2035 as population set to decline: Oxford

January 22, 2025 4 Comments

Canada’s housing needs are projected to decrease by 500,000 homes by 2035, driven by a decline in population, according to new research from Oxford Economics.

Canada’s Secondary Suite Loan Program expands to $80,000 loans with 2% over 15 years

December 10, 2024 15 Comments

The federal government today announced a doubling of its Secondary Suite Loan Program, which was originally unveiled in the April 2024 budget.

Parliamentary Budget Officer Yves Giroux

Immigration cuts will help housing gap, PBO says, but less than government projects

November 16, 2024 No Comments

The federal government is overestimating the impact its cuts to immigration will have on the country’s housing shortage, the Office of the Parliamentary Budget Officer said in a new report.

Barriers to homeownership in Canada are “vast,” Butler tells Finance Committee

October 22, 2024 2 Comments

The dream of homeownership is slipping out of reach for many Canadians, particularly young people and those without significant family assistance, according to mortgage expert Ron Butler.

Mortgage rule changes will help spark demand, but supply challenges persist: experts

September 18, 2024 No Comments

Experts say Ottawa’s changes to mortgage rules could help spur demand among potential homebuyers, but supply challenges are likely to persist in Canada’s real estate sector despite lofty goals to build new housing.

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