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CHBA welcomes Federal Government removing GST on new construction homes for first-time buyers
Today’s announcement by Prime Minister Mark Carney that the Government of Canada will eliminate the Goods and Services Tax (GST) for first-time homebuyers on homes at or under $1 million is a welcome move to help make housing more affordable for those looking to buy their first home. It will also help spur the creation of more housing supply, which is much needed. CHBA has also argued that while an important permanent move, GST relief is especially significant now as it will help to counter price increases due to tariffs.
2025 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.
Tariffs negative impact on overall economy will likely slow down housing starts
Today on Parliament Hill during a press conference to release the third CHBA Municipal Benchmarking Study, Canadian Home Builders’ Association (CHBA) CEO Kevin Lee took the opportunity to speak about how the U.S. tariffs and Canada’s countervailing tariffs would likely impact Canada’s residential construction industry.
CHBA’s Municipal Benchmarking Study Shows Housing Affordability Has Worsened Due to Municipal Development Charges and Delays
The Canadian Homebuilders’ Association (CHBA) has released its 2024 Municipal Benchmarking Study that examines how local development processes, approvals, and charges impact housing affordability and housing supply in major housing markets across the country.
Impacts of Trump Tariffs on Canadian Residential Construction Sector
CHBA condemns U.S. President Trump’s 25% tariffs that will further degrade housing affordability both in the United States and Canada, and urges the federal government to do what it can to help mitigate the impacts on an industry that is already struggling to build more housing supply and keep costs down for buyers.
Multi-family builder sentiment lowest since early 2021, single-family not far behind as home sales in Canada continue their downward slide
CHBA’s 2024 Q4 Housing Market Index (HMI) shows further decline in the sentiment of Canada’s homebuilding industry, a result of current poor selling conditions for both single-family and multi-family homes through Ontario and British Columbia, with other areas of the country also dipping since the previous quarter, and a weak outlook for the near future.
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.
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.