Canada’s housing market continues to face challenges beyond high home prices and interest rates. For both real estate investors and developers, an environment where construction costs are increasing and hidden regulatory fees – particularly development charges – can impact profitability and add to difficulties. These issues affect the supply of new housing and its affordability, creating a complex ...

The housing market in Canada continues to show a mixture of growth and decline across various regions and housing types. 

Housing Starts Data for August 2024

As of September 2024, CMHC reported a decline in the six-month trend in housing starts, which fell 2.9% from 255,794 units in July to 248,480 units in August. The trend measure, calculated as a six-month moving average of the seasonally adjusted...

The Bank of Canada (BOC) released the summary of the discussions the Governing Council had on the country’s economic situation before making its decision to lower the policy rate on September 4, 2024.

International Economy

Global economic conditions were reviewed. In the U.S., economic growth was stronger than expected, driven by consumer spending. Despite a cooling labour market, household consumption...