CHBA's 2025 Q2 Housing Market Index (HMI) saw little change since last quarter, with builders remaining decidedly pessimistic about sales conditions. CHBA’s single-family HMI is 24.9 (out of 100), and the multi-family HMI is 22.8 – both at near record lows, and firmly in negative builder sentiment territory for the twelfth straight quarter. The post Canada’s new home construction challenges ongoing amid economic uncertainty appeared first on Canadian Home Builders' Association.| Canadian Home Builders' Association
CHBA applauds the government's move to table legislative proposals to amend the Excise Tax Act to make good on its promise to introduce a new GST rebate for first-time home buyers (named the “FTHB GST Rebate”), which will remove the GST on new homes at or under $1 million and lower it on homes between $1 million and $1.5 million for all first-time home buyers, effective May 27, 2025. The post CHBA applauds federal action to adjust GST rebate on new construction homes for first-time buyers...| Canadian Home Builders' Association
Today, the federal government missed its opportunity to use the Speech from the Throne to make good on its election promise to immediately implement the removal of the GST on new homes at or under $1 million and lower it on homes between $1 million and $1.5 million. The lack of actual implementation of this measure is keeping would-be home buyers on the sidelines, which is negatively impacting the construction of new homes. The post Government misses important opportunity to enact critical ho...| Canadian Home Builders' Association
CHBA's 2025 Q1 Housing Market Index (HMI) is in its eleventh quarter of negative sentiment since dropping from the post-pandemic highs in 2021 and early 2022. While industry sentiment has been low for eleven quarters, builders have typically remained optimistic that future sales would be an improvement over their current sales conditions (though still in negative territory). However, that optimism has dissolved. The post Dim outlook for new home construction in Ontario and BC as sentiment in ...| Canadian Home Builders' Association
Today’s announcement by Prime Minister Mark Carney that the Government of Canada will eliminate the Goods and Services Tax (GST) for first-time homebuyers on homes at or under $1 million is a welcome move to help make housing more affordable for those looking to buy their first home. It will also help spur the creation of more housing supply, which is much needed. CHBA has also argued that while an important permanent move, GST relief is especially significant now as it will help to counter...| Canadian Home Builders' Association
Today on Parliament Hill during a press conference to release the third CHBA Municipal Benchmarking Study, Canadian Home Builders’ Association (CHBA) CEO Kevin Lee took the opportunity to speak about how the U.S. tariffs and Canada’s countervailing tariffs would likely impact Canada’s residential construction industry. The post Tariffs negative impact on overall economy will likely slow down housing starts appeared first on Canadian Home Builders' Association.| Canadian Home Builders' Association
The Canadian Homebuilders’ Association (CHBA) has released its 2024 Municipal Benchmarking Study that examines how local development processes, approvals, and charges impact housing affordability and housing supply in major housing markets across the country. The post CHBA’s Municipal Benchmarking Study Shows Housing Affordability Has Worsened Due to Municipal Development Charges and Delays appeared first on Canadian Home Builders' Association.| Canadian Home Builders' Association