Asian Tribune Your Multilingual Newspaper covering World and local news News
A new report by Desjardins warns Ottawa’s efforts to kickstart new housing supply likely won’t be enough to meet “optimistic” targets due to regulatory hurdles and constraints on labour, materials and financing. The report, released Tuesday by economists Marc Desormeaux, Kari Norman and Randall Bartlett, highlighted the ongoing labour shortage …
Read More »Homebuilding surge in some Canadian cities to start 2023 may not last: CMHC
Higher borrowing costs are expected to drive drastic slowdowns in homebuilding for Canada’s largest urban centres after a surge in activity that started the year, according to the Canada Mortgage and Housing Corp. The CMHC’s mid-year housing supply report released Thursday shows Canada’s six largest housing markets had wildly different …
Read More »High interest rates are slowing homebuilding, but the worst is yet to come – National
Homebuilding in Canada is slowing down just as policymakers are trying to pick up the pace. The rapid surge in interest rates over the last year is starting to throttle the pace of homebuilding, the Canada Mortgage and Housing Corp. (CMHC) warned in a new housing supply report Wednesday. As …
Read More »