Unlocking the Door to Homeownership
Discussing Housing Affordability in Canada
The data from Canada’s latest Housing Market Index (HMI), published quarterly by the Canadian Home Builders’ Association (CHBA), fell yet again this quarter to new record lows for housing purchase/start prospects of all housing forms for ownership. CHBA’s single-family HMI reached a low of 23.3 out of 100, while the multi-family HMI was 16.8. The…
Earlier this week, the federal government announced Build Canada Homes (BCH), a new federal entity with goal to create more affordable (social), non-market housing. BCH will aim to develop 4,000 homes on federal lands, with the potential to deliver up to 45,000 units across its portfolio using innovative financing and factory-built construction. CHBA CEO, Kevin…
When looking at the results, Canadians may assume that not much changed between the 2019 and 2021 federal elections. But when it comes to housing issues, a lot did change. Housing was top of mind for voters and political parties with unprecedented urgency, and was covered extensively in the media. One of the biggest…
Are you concerned about housing affordability? Whether you're looking to become a first-time home buyer or own your own property now, we want to hear from you! There are many factors affecting Canadians' ability to afford their own homes. Tell us about your experience. Are you facing any roadblocks as you try to become a…