Home Builder Canada Readers survey

PRODUCT FINDER

NP_lineHome Builder Magazine New Products Online
NP_line
Computers, Educational
&Technology

NP_line
Electrical & Mechanical
NP_line
Exteriors
NP_line
Finishes & Surfaces
NP_line
Kitchens & Baths
NP_line
Landscape & Design
NP_line
Speciality Products
NP_line
Structural
NP_line
Tools & Equipment
NP_line
Windows & Doors
NP_line
New Products home
NP_line

buyers guide button


External Links: Associations & Governments. Builders & Renovators . Manufacturers & Suppliers

Home . About Us . Subscribe . Advertise . Editorial Outline . Contact Us . Current Issue . Back Issues . Jon Eakes



© Copyright - Work-4 Projects Ltd.

“Overbuilding” cited in seven cities

Home Builder - overbuilding

Seven Canadian cities are seeing more new homes being built than demand suggests, according to a study by Canada Mortgage and Housing Corporation (CMHC) – and the worst offenders are on the Prairies.
In its recent Housing Market Assessment, CMHC pointed to Saskatoon and Regina has having the most severe overbuilding. Both cities have seen near record-high new home starts in recent years, but lower oil and commodity prices have subsequently helped to cool new housing demand.

 
Other cities with more moderate overbuilding are Calgary, Winnipeg, Ottawa, Moncton and St. John’s. CMHC notes that “supply is adjusting to demand” in the two Atlantic region cities, however.
CMHC also found that two Ontario cities have more to worry about than too many homes being built.
“Toronto and Hamilton continue to face price acceleration, overvaluation and overheating. Price growth has intensified and demand is outpacing supply in the rental, resale and new home markets,” the agency warns.






homeBUILDERcanada.com | Home BUILDER Magazine | Canada's #1 Information Source for Residential Home Builders and Professional Renovators

HB house ad sub
Home Builder Magazine Ask Jon Eakes
Official Magazine of the Canadian Home Builders Association
Home Builder current issue