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Canada Sticks With Home Building Doubling Goal

Federal officials reaffirmed Canada’s goal to double homebuilding over the next decade, aiming to ease rent and ownership costs through housing measures. A fiscal watchdog said recent budget materials lacked benchmarks and cited an estimate that an affordable housing agency would add 26K units over 5 yr. Canada’s 6-mo housing-start trend recently ↑~3% to ~257K […]

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Canada Home Sales Show Modest Momentum

Early-Q2 home sales totaled 42.9K across Canada, ↓4% yearly from 44.7K, while seasonally adjusted activity ↑~1% from Late-Q1 levels, showing modest monthly improvement. The national avg. sale price reached ~$695K, ↑~2% yearly. The typical-home price index was broadly flat MoM and ↓~4% yearly, signaling stabilization. New listings ↑~4% MoM in Early-Q2, marking the traditional spring […]

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Canada’s Modular Builds Could Close Gap

Canada needs >480K new units annually through 2035, while current projections point to ~223K yearly starts by 2027, highlighting a major opportunity for faster building. Factory-based construction can shorten project timelines by ~20% to ~50%, improve thermal efficiency, reduce site labour needs, and make costs more predictable. Cost savings of ~20% to ~40% depend on […]

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Home prices up 2.2% year-over-year as April sales cool, CREA reports

Home sales in Canada fell year-over-year in April, while the average sale price rose to $695,412, a 2.2% increase. Sales edged up 0.7% from March on a seasonally adjusted basis. Global economic uncertainty and higher mortgage rates are expected to keep the housing market rebound muted, though some upward momentum remains. Continue to full article

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