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

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.

The construction of new housing in Markham, Ontario

Ontario housing starts at lowest level since 2009, financial watchdog says

June 11, 2025 No Comments

Ontario’s housing starts for the first quarter of this year were at the lowest levels since 2009, the province’s financial accountability officer said in a report Wednesday.

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.

Nova Scotia Liberals highlight housing plan to build 80,000 homes by 2032

November 15, 2024 No Comments

Nova Scotia’s Liberal leader is highlighting his party’s plan to get 80,000 homes built in order to ease a provincial housing shortage by 2032, if elected to govern on Nov. 26.

Ontario to recount housing build numbers

Ontario considers housing data revisions after municipal concerns of undercounting

June 21, 2024 No Comments

Ontario is considering revising its tallies of how many homes are built in cities and towns across the province, after some complained that undercounting has cost them millions in provincial funding.

Regulations, ‘fragmented’ construction sector holding back housing starts: CMHC

May 16, 2024 No Comments

A study by Canada’s national housing agency says housing starts aren’t keeping pace with residential construction resources available due to restrictive regulations and a “highly fragmented” industry.

CMHC exceeds 2023 housing goals despite economic headwinds

May 9, 2024 No Comments

The Canada Mortgage and Housing Corporation surpassed its 2023 housing targets despite difficult economic conditions and internal financial struggles.

housing supply targets