News releases from the Canada Mortgage and Housing Corporation
Strong evidence of overall problematic conditions despite some housing markets showing signs of improvement
OTTAWA, April 26, 2017 — Conditions in Canada’s housing markets are showing some signs of improvement but the official overall rating from the Canada Mortgage and Housing Corporation (CMHC) will be held at “strong evidence of problematic conditions”.
On a quarterly basis, CMHC issues Housing Market Assessment (HMA) to provide Canadians with both expert and […]
New program helps Nova Scotians purchase their first home
HALIFAX, NOVA SCOTIA, April 26, 2017 — First-time home buyers struggling to save enough for a down payment could soon get access to an interest-free loan from Housing Nova Scotia to make their dream of homeownership come true. The governments of Canada and Nova Scotia are investing $1.3 million to fund a new one-year Down […]
Canadian housing starts trend upwards in February
OTTAWA, March 8, 2017 — Housing starts are now on pace to hit 204,669 units in Canada, whereas January saw them hitting 200,255 units, according to Canada Mortgage and Housing Corporation (CMHC). This trend measure is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR) of housing starts.
“This winter has seen Canada’s national […]
Canadian Housing Starts Trend Increased in January
OTTAWA, February 8, 2017 — The trend measure of housing starts in Canada was 199,834 units in January compared to 197,881 in December, according to Canada Mortgage and Housing Corporation (CMHC). The trend is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR) of housing starts.
“New home construction started off strong […]
Canadian House Price Growth Remains Elevated: CMHC Reports
OTTAWA, January 26, 2017 — Canada Mortgage and Housing Corporation (CMHC) is reporting strong overall evidence of problematic housing market conditions nationally for the second consecutive quarter due to overvaluation and price acceleration in Canada’s housing markets. This assessment largely accounts for market conditions in Vancouver and Toronto where strong price growth has been […]
CMHC to Increase Mortgage Insurance Premiums
OTTAWA, January 17, 2017 — CMHC is increasing its homeowner mortgage loan insurance premiums effective March 17, 2017. For the average CMHC-insured homebuyer, the higher premium will result in an increase of approximately $5 to their monthly mortgage payment.
“We do not expect the higher premiums to have a significant impact on the ability of […]
Canadian Housing Starts Trend Declined in December
OTTAWA, January 10, 2017 — The trend measure of housing starts in Canada was 198,053 units in December compared to 200,105 in November, according to Canada Mortgage and Housing Corporation (CMHC). The trend is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR) of housing starts.
“December saw multi-unit construction slow for […]
CMHC Stress Testing Confirms Ability to Withstand Extreme Scenarios
OTTAWA, November 17, 2016 — In support of greater transparency with respect to risk management practices, CMHC released today the results of its 2016 stress testing exercise. None of the scenarios tested should be considered a prediction or a forecast.
“Stress testing involves searching out extreme scenarios that have a very remote chance of happening […]
