43 h. ago CMHC head says there’s room for banks to take on more risk in funding housing construction

Housing starts in the first half of 2025 were lower than in 2024

Other

4 d. ago Lorne Gunter: Ideology killing Canada's home construction numbers

On Tuesday, the Canada Mortgage and Housing Corporation (CMHC) released statistics on housing starts for the first half of the year in seven major Canadian cities. The federal housing agency also projected the number of new housing unit starts (apartments, condos, row houses and single-family detached houses) that will be achieved across the country in […]

Events

4 d. ago Calgary, Edmonton leading Canada in new housing construction, but will prices fall?

As new construction plummets in Vancouver and Toronto, Calgary and Edmonton seem to be Canada's new housing hotbeds

Economics

4 d. ago Massachusetts Wants to Ease Environmental Rules to Boost Housing

Massachusetts Governor Maura Healey, who’s up for reelection next year in a state reeling from soaring home prices, is looking to jump-start housing construction by slashing environmental reviews.

Other

4 d. ago Toronto, Vancouver weigh on housing starts in first half of year: CMHC

Canada Mortgage and Housing Corp. says growth in overall housing starts was flat during the first half of the year compared with 2024, though there were significant regional differences. The agency says cities like Calgary, Edmonton, Montreal, Ottawa and Halifax built homes at paces that were either at or near records or in line with […]

Culture

4 d. ago Toronto on pace for lowest annual housing starts in 30 years, CMHC says

Flat housing starts for seven key metropolitan areas, despite some markets building new homes at record pace

Culture

8 d. ago Calgary housing development on track for record year as opposition hits campaign trail

2025 marks the first time that Calgary has exceeded 10,000 housing starts in the first half of a calendar year with permits issued for 12,152 units so far this year.

Sport

8 d. ago Alberta unemployment rate took big jump in August, now 2nd highest among provinces

The unemployment rate in Alberta jumped from 7.8 per cent in July to 8.4 per cent in August, the highest rate since August 2017, outside of the pandemic.

Other

9 d. ago Unemployment rate hit 7.1% as Canada shed 66,000 jobs in August

Statistics Canada says unemployment in Canada climbed for the second straight month in August to 7.1 per cent from 6.9 per cent in July, while shedding 66,000 jobs last month.

Other

9 d. ago Ottawa must cancel or significantly reform temporary foreign worker program, Eby says

Statistics Canada said B.C.’s youth unemployment, for those aged 15 to 24, in July was 12.1 per cent, below the Canadian rate of 14.6 per cent.

Society

9 d. ago David Eby says temporary foreign worker program should be scrapped or reformed

Statistics Canada said B.C.’s youth unemployment, for those aged 15 to 24, in July was 12.1 per cent, below the Canadian rate of 14.6 per cent.

Society

9 d. ago Statistics Canada reports merchandise trade deficit $4.9 billion in July

OTTAWA — Statistics Canada says the country’s merchandise trade deficit narrowed to $4.9 billion in July as exports rose and imports fell. The agency says the result compared with a revised deficit of $6.0 billion in June. The result for July came as exports rose 0.9 per cent to $61.9 billion with exports of energy […]

Economics

1 week ago Canada needs to build homes in record numbers for a decade to drive down prices

Canada must deliver 3.2 million net new housing units by 2035 to close the country's supply gap, according to a new updated analysis by the Government of Canada's Parliamentary Budget Officer (PBO).That works out to about 290,000 net new homes per year — a pace the country has never sustained. Net new takes into account the homes that have been demolished to make way for new additional homes.The report comes as household formation surges and then slows. After hitting a record 482,000 new households in 2024, the PBO projects a sharp decline in 2025 and 2026 due to recent federal policies curbing immigration. Household formation is expected to remain well below the historical average of 176,000 per year until 2030.On the construction side, the PBO expects a short-term boost, with completions averaging 256,000 units annually over the next three years. But beyond that, housing starts are forecast to fall back to historical norms, with about 2.5 million new units delivered ...

Economics

2 w. ago CPABC: International migration bolsters Northeast B.C.’s population as the economy faces headwinds

FORT ST. JOHN, British Columbia, Aug. 28, 2025 (GLOBE NEWSWIRE) — According to BC Check-Up: Live, an annual report by the Chartered Professional Accountants of British Columbia (CPABC) on demographic and affordability trends across the province, Northeast B.C.’s population was 72,015 on July 1, 2024, up 1.8 per cent from one year earlier. “Northeast B.C. […]

Society

3 w. ago Experts say Ontario is the reason for Canada's housing downtown

Ontario real estate has been performing so sluggishly this year that the province is now being blamed for skewing market trends for the entire country.In a new report, experts at RBC point out how poorly the industry is faring around the GTA, especially emphasizing just how dramatically home sales — and, somewhat by extension, new home construction — have fallen in Canada's most populous region.In the aptly-titled "Canada isn't in a housing starts slump — Ontario is," published on Wednesday, the Big Five bank's economists outline the factors that have caused residential construction in and around Toronto to lag far behind almost everywhere else nationwide.RBCThe first roadblock to new units coming onto the market is the cost, which is sky-high in Ontario, and not just because of heightened price tags for lumber, labour, land and more."High development charges and heavy regulatory requireme...

Other

3 w. ago Experts say Ontario is the reason for Canada's housing downturn

Ontario real estate has been performing so sluggishly this year that the province is now being blamed for skewing market trends for the entire country.In a new report, experts at RBC point out how poorly the industry is faring around the GTA, especially emphasizing just how dramatically home sales — and, somewhat by extension, new home construction — have fallen in Canada's most populous region.In the aptly-titled "Canada isn't in a housing starts slump — Ontario is," published on Wednesday, the Big Five bank's economists outline the factors that have caused residential construction in and around Toronto to lag far behind almost everywhere else nationwide.RBCThe first roadblock to new units coming onto the market is the cost, which is sky-high in Ontario, and not just because of heightened price tags for lumber, labour, land and more."High development charges and heavy regulatory requireme...

Other

3 w. ago Varcoe: 'Terrible' oil prices could create a difficult budget crunch for Alberta, premier warns

Oil prices have been “terrible” recently and Albertans need to brace for a difficult budget situation if they continue to slide, says Premier Danielle Smith.  The price of benchmark U.S. West Texas Intermediate (WTI) crude has dropped nearly 10 per cent since late July, closing below US$63 a barrel on Monday – nearly $5 below […]

Economics

3 w. ago From Toronto to Vancouver to Ottawa: The housing slowdown Is spreading 

Canada’s housing market is facing a structural challenge with immediate and long-term consequences: housing starts in the country’s largest urban centres are slowing sharply, with no signs of a near-term recovery. The Greater Toronto Area (GTA) was the first to see significant declines, followed by Metro Vancouver and now Ottawa. The pattern is clear, and […]

Other

3 w. ago Inflation rate cools to 1.7% in July thanks to lower gas prices: StatCan

OTTAWA — Inflation cooled in July thanks largely to relief at the gas pumps, but Statistics Canada said grocery and shelter costs were accelerating last month.  The annual rate of inflation fell to 1.7 per cent in July, the agency said Tuesday, down from 1.9 per cent in June.  A 16.1 per cent decline year-over-year […]

Economics

3 w. ago Justice Department to begin giving Congress files from Epstein probe: Lawmaker

WASHINGTON — The Justice Department has agreed to provide to Congress documents from the Jeffrey Epstein sex trafficking investigation, a key House lawmaker said Monday in announcing a move that appears to avert, at least temporarily, a potential separation of powers clash. The records are to be turned over starting Friday to the House Oversight […]

Events