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Homebuilder sentiment keeps declining: continued policy and interest rate changes needed to turn around market
Builder sentiment across the country continued to decline in the third quarter according to the results from CHBA’s 2024 Q3 Housing Market Index (HMI), with Ontario and British Columbia in particularly dire circumstances. Both indexes are approaching the record lows seen in Q3 2023.
CHBA encouraged by Conservative Party Proposal on Removing GST on New Homes
Today’s announcement by the Conservative Party of Canada to remove GST on new homes with a purchase price under $1 million will make a big difference if enacted, especially for first-time buyers.
CHBA has been advocating for years with all major parties for a change to GST thresholds and is encouraged that this policy addresses what has been a major contributor to affordability challenges when buying a home.
2024 CHBA Home Buyer Preference Survey results indicate what Canadians expect from their homes
The Canadian Home Builders’ Association (CHBA) has released the results from its ninth annual CHBA Home Buyer Preference Survey, a nationwide market research study powered by Avid Ratings Canada. The 2024 Canadian Home Buyer Preferences is a high-level summary publication that comes with the full study data set, allowing users to customize data splicing on more than 50 in-depth areas of home design, building features, buying preferences, and demographics, including age, location, household formation, purchase price, and more.
Mortgage reforms exactly what is needed to enable more housing supply
Today the federal government announced important changes to mortgage rules that will enable more well qualified buyers to access mortgages and become homeowners, which will drive more housing construction and supply. These changes are reflective of recommendations that CHBA has been calling for, as without qualified buyers, the industry can’t build the homes Canada needs.
Initial interest rate lowering not enough to offset restrictive mortgage rules and other barriers to increase new home sales
The Canadian Home Builders’ Association (CHBA) released its 2024 Q2 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.
Canadian Home Builders’ Association Launches Project to Prepare Industry for Tiered Building Codes
CHBA has launched a new project to help prepare the industry for future building codes. The project, ‘Enabling Tiered Codes – Implementation and Market Preparedness,’ is funded by Natural Resources Canada under the Codes Acceleration Fund (CAF).
Resilient Homes Canada Project: ICLR and CHBA Collaborate to Advance Resilient Home Construction
The Institute for Catastrophic Loss Reduction (ICLR) and the Canadian Home Builders’ Association (CHBA) are pleased to announce their collaboration on the Resilient Homes Task Force (RHTF) project. The Task Force is working to create evidence-based solutions for more resilient new homes, renovations, and homeowner maintenance.
Winners Announced for the 2024 CHBA National Awards for Housing Excellence
Today the Canadian Home Builders’ Association (CHBA) announced the winners of the 2024 CHBA National Awards for Housing Excellence, Canada’s premiere competition for new homes, renovations, community development, and residential marketing.
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.
Canadian 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.
Featured Topics
Housing Economics
Information and Statistics on Housing in Canada, including quarterly Housing Market Index and the economic impacts of residential construction in municipalities.
CHBA National Awards for
Housing Excellence
Recognizing the best in Canadian new homes, renovations, community development, and residential marketing.
Municipal Benchmarking
CHBA's national study on how local development processes, approvals, and charges contribute to housing affordability and supply issues in major housing markets.