Housing Starts

Adrian Wyld/CP

Canada Has A Housing Shortage. So Why's It Punishing Homebuyers?

Something happened in Toronto's housing market over the past year that really shouldn't happen in a free market. As home prices shot through the roof, the number of homes being built in the city dropped dramatically. Vancouver seems to be experiencing a similar problem. So what's going on here? Why is the supply of housing not keeping up with demand, even though there is so much money to be made? The answer, according to a growing number of experts, is that local policies and public opposition to development are killing off home construction, causing home prices to skyrocket.

'This Level Of Activity Is Unsustainable'

OTTAWA — Some economists warn that the surge in the number of new homes being built in Canada is unsustainable and could approach "worrying'' levels if interest rates remain at the current level. Cana...
Shutterstock / sculpies

Housing Starts Boom

OTTAWA - Canada Mortgage and Housing Corp. says the pace of housing starts rose in April, compared with March.The agency estimated there were 17,124 actual starts in April.Extrapolated over 12 months,...

Bad Weather Can't Stop It

OTTAWA - Canada Mortgage and Housing Corp. says the pace of housing starts picked up last month, ending a string of modest declines that began in November, but it appears the longer-term trend remains...
Shutterstock / ValeStock

Signs Of Slowing

OTTAWA - Canadian housing construction showed signs of slowing at the end of last year as the pace of residential starts slipped and plans by builders also dipped lower.Canada Mortgage and Housing Cor...

Still Accelerating..

OTTAWA - Canada Mortgage and Housing Corp. says the pace of housing starts heated up again in October, continuing the momentum that began to build in July.The agency estimates there were 17,033 actual...


OTTAWA - Housing starts fell for the third consecutive month in August as developers scaled back the number of new condo and apartment buildings in urban areas, according to new data from the Canada M...

It'll Get Worse Before It Gets Better..

OTTAWA - Canadian builders appear poised to pick up the pace of residential construction in the later half of 2013 but the total number of starts will remain below last year's, according to a forecast...

Not Much Of A Rebound

OTTAWA - There are fresh signs of cooling in the Canadian housing market, but analysts say fears of a major crash have yet to materialize.Canada Mortgage and Housing Corp. reported Tuesday that the pa...