Canada's new home construction hits record high in March
Fueled by loosening pandemic restrictions and warmer weather, Canadian housing starts set an all time record by rising 21.6 per cent in March, data from the Canadian Mortgage and Housing Corporation showed on Monday. The seasonally adjusted annualized rate of housing starts rose to 335,200 units in March, the CMHC data showed
Homebuilding surge, aging population make Canadian housing crash “unlikely”: Oxford Economics
A major uptick in home construction paired with gradual, long-term demographic change will have a cooling effect on Canadian home prices in the coming years.
The Canadian Home Builders’ Association of BC (CHBA BC) is pleased to announce that Alex Tavuchis of CHBA Sea to Sky, was elected as its president for 2021-2022 at the AGMon March 19, 2021. “I look forward to working with the executive and board along with the great staff at CHBA BC as we all work together to continue the important work our association provides on behalf of members and thank outgoing president Joe Hart for his leadership” said incoming president Alex Tavuchis.
One year ago, after pandemic lockdowns went into place, it was almost a given that Canada’s housing market would tank in 2020. But the residential market has defied all expectations and gone in the opposite direction instead. That’s been especially true for suburban areas outside of Metro Vancouver.
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Canadian Home Sales Rose 2% on a Month-over-Month Basis in January
On February 16, 2021, the Canadian Real Estate Association (CREA) released the statistics that showed national home sales set another record in January 2021. Home sales recorded over Canadian MLS® Systems climbed 2% between December 2020 and January 2021 to set another new all-time record. The seasonally adjusted activity was running at an annualized pace of 736,452 units in January, significantly above CREA's current 2021 forecast for 583,635 home sales this year. Sales will be hard-pressed…
Construction groups warn homeowners to get quotes, ask questions as building boom continues | CBC News
Two P.E.I. associations in the home construction and renovation industry say they are receiving weekly calls from home owners who are dissatisfied with the contractors or builders they've hired.
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Canadian home construction hit 3-year high in 2020, detached home building surged
As the pandemic sent home buyers flocking to suburban areas across Canada, home builders responded by boosting construction of detached homes.