Unveiling the Exciting Rise of Homebuilding in Select Canadian Cities for 2023, But Could It Be Short-Lived? Insights by CMHC

Higher borrowing costs are expected to drive drastic slowdowns in homebuilding for Canada’s largest urban centres after a surge in activity that started the year, according to the Canada Mortgage and Housing Corp. The CMHC’s mid-year housing supply report released Thursday shows Canada’s six largest housing markets had wildly different paces of homebuilding in the …

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Ottawa’s New Initiatives to Promote Affordable Financing and Boost Rental Construction – A National Impetus

The Liberal government’s latest plan to increase the supply of rental housing involves expanding a program that helps developers secure cheaper mortgage rates. As interest costs rise and impact the feasibility of new projects, the government aims to mitigate these challenges. Yesterday, Finance Minister Chrystia Freeland announced that the federal government is raising the annual …

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Calls Grow for ‘Wartime’ Push as Housing Accelerator Fund Faces Scrutiny

Municipalities all over Canada are eagerly waiting to hear whether they will receive a portion of the federal government’s $4-billion Housing Accelerator Fund (HAF). However, as they wait, there is a growing demand for a “wartime” effort to construct more homes, along with concerns about the adequacy of the fund’s budget. Halifax Mayor Michael Savage …

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Minister Affirms Ottawa’s Consideration of Reviving Home Construction; Conversations Initiated

The federal government is facing increasing pressure to address the housing supply shortage in Canada. As opposition leader Pierre Poilievre criticizes the government for unaffordable housing, the minister in charge of the housing portfolio is exploring new approaches to tackle the issue. The rising levels of immigration and the impact of rising interest rates have …

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