HOME RATES ABOUT SERVICES VIDEO BLOG CONTACT ME TEAM
Claude Sullivan Broker/Owner

Claude Sullivan

Broker/Owner


Phone:
Address:
141 Torbay Rd, St John`s, Newfoundland and Labrador

BROWSE

PARTNERS

COMPLETE

THE SURVEY

REFER

A FRIEND

CMHC Housing Supply Report

5/10/2023

Highlights from the April 2023 Housing Supply Report:

  • Growth in residential construction was mixed across Canada’s 6 largest census metropolitan areas in 2022.
  • Current new home inventories are at historic lows even though housing starts were strong during the pandemic.
  • Housing starts increased in Toronto, Calgary, Edmonton and Ottawa. Starts were stable in Vancouver and decreased in Montréal.
  • New research completed by the University of British Columbia using CMHC data shows that most housing starts were built in low-amenity neighbourhoods. Apartments, however, tend to be in high-amenity areas .
  • As interest rates increased, homebuyer purchasing power dropped. Prices decreased slightly in most markets.
  • Apartment construction – both purpose-built rental and condominiums – continued to grow.

https://assets.cmhc-schl.gc.ca/sites/cmhc/professional/housing-markets-data-and-research/market-reports/housing-supply-report/housing-supply-report-2023-04-en.pdf?rev=5558faea-840d-4a27-a9a3-c49e421abd1a

MY LENDERS

Scotia Bank TD Bank First National EQ Bank MCAP Merix
Home Trust CMLS Manulife RFA B2B Bank Community Trust
Lifecycle Mortgage ICICI Bank Radius Financial HomeEquity Bank CMI Bridgewater
Sequence Capital Wealth One Fisgard Capital Bloom Financial NationalBank