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Mortgage affordability flattened homebuying demand in Q1, highlighting importance of addressing restrictive mortgage rules to spur new supply
The Canadian Home Builders’ Association (CHBA) released its 2024 Q1 Housing Market Index (HMI) today, which showed a very negative builder sentiment for a seventh consecutive quarter, prior to the release of the federal budget. The HMI is a leading indicator about the health of the residential construction industry in Canada, and its ongoing lows were a continuing signal for poor housing starts ahead, and the need for change in government policy.
Read MoreCanadian Home Builders’ Association Welcomes Housing-Focused Budget
The Canadian Home Builders’ Association (CHBA) welcomes the 2024 Federal Budget with its focus on housing and emphasis on increasing housing supply and affordability as well as removing barriers to first-time buyers trying to get into the market.
Read MoreFederal Housing Plan sets the stage for comprehensive approach to address housing affordability and supply
The Canadian Home Builders’ Association (CHBA) applauds the release of the Federal Housing Plan today.
Read MoreCanadian Home Builders’ Association Applauds Introduction of 30-year Amortization Periods on New Construction Homes to Support First-Time Buyers
The introduction of 30-year amortization periods for insured mortgages on new construction is very welcome news to CHBA.
Read MoreMonumental workforce increase required to meet housing supply targets to address affordability in Canada
Canada’s residential construction needs to grow to 83% to reach 5.8 million housing starts to address housing affordability.
Read More2024 CHBA National Awards for Housing Excellence Finalists Named
The Canadian Home Builders’ Association (CHBA) is pleased to announce the finalists for the 2024 CHBA National Awards for Housing Excellence, Canada’s premiere competition for new homes, home renovations, community development, and residential marketing.
Read MoreCHBA Releases Strategy for Building 5.8 Million Homes
The Canadian Home Builders’ Association has released a strategy detailing changes and supports needed to enable the industry to build 5.8 million homes in the next decade to close Canada’s housing supply gap and improve housing affordability.
Read MoreHousing supply outlook dim as builders continue to feel the effects of interest rate hikes
The 2023 Q3 Housing Marketing Index (HMI) was released by the Canadian Home Builders’ Association (CHBA) today, and the outlook is dim for Canada’s housing supply.
Read MoreRemoval of GST on Purpose-Built Rental Addresses Long-Standing Barrier
Removal of GST on Purpose-Built Rental Addresses Long-Standing Barrier OTTAWA – September 14, 2023 – The federal government’s move today to waive the GST on purpose-built rental addresses a long-standing issue that has prevented the construction of more rental housing for decades. The Canadian Home Builders’ Association (CHBA) has advocated for years about the need to…
Read MoreLow builder confidence improves slightly, but lack of buyers still hurting overall industry sentiment and housing starts
The Canadian Home Builders’ Association (CHBA) released the 2023 Q2 Housing Marketing Index (HMI) today, which saw both single- and multi-family indexes remain low but increase slightly once again this quarter, improving from the lows recorded in Q4 2022.
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