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This doesn’t look like 2017:’ Bank of Canada Governor isn’t worried about a housing bubble

This doesn’t look like 2017:’ Bank of Canada Governor isn’t worried about a housing bubble

Canada’s top central banker isn’t worried about the country’s hot housing market, saying low-interest rates and demand for space rather than speculation are behind the price gains. Accommodative monetary policy, a preference for more living area and the ability to work from home during the pandemic are the main reasons demand for single-family homes across […]

COVID-19: Government Financial Support During Lockdowns

COVID-19: Government Financial Support During Lockdowns

COVID-19: Government Financial Support During Lockdowns Please note: the federal government is constantly updating its website as new information is announced. Remember to check Canada’s official coronavirus webpage and CREA’s COVID-19 online hub to stay up to date. As some provinces re-enter strict lockdowns to combat the spread of COVID-19, here are the financial assistance […]

Rental markets suffer as population growth slows from record-breaking levels

Rental markets suffer as population growth slows from record-breaking levels

Pandemic-induced restrictions at the Canadian border have led to major declines in both permanent and non-permanent residents arriving in the country. In turn, these sharp declines have caused the country’s population growth rate to fall from the record-breaking levels seen over the past few years. Now, the impact on the country’s rental market is becoming […]

498 housing construction projects delayed in GTA: BILD

498 housing construction projects delayed in GTA: BILD

The impacts, it says, could worsen the region’s housing shortage, affect thousands of jobs, and have a massive impact of government revenues over the coming months and years. A Building Industry and Land Development Association (BILD) survey has found 498 residential construction projects by its members in the Greater Toronto Area have been delayed by the […]

Supporting Financial Stability During the COVID-19 Pandemic

Supporting Financial Stability During the COVID-19 Pandemic

Speaking Notes for Evan Siddall Standing Committee on Finance Ottawa, Ontario Thank you, Chair, for this opportunity to update the Committee on how CMHC is helping to stabilize Canada’s financial system and support the economic well-being of households and small businesses during the COVID-19 pandemic. My appearance before you today is also timely in informing […]