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2017 News Index

118,000 Retiring Workers in Residential Construction Means Great Career Opportunities for Millennials
Over the next decade, Canada’s residential construction industry will need to attract some 94,100 new workers in order to meet the housing needs of Canadians.

Canadian Home Sales Drop in April
According to statistics released by The Canadian Real Estate Association (CREA), national home sales declined in April 2017.

CMHC releases 2016 Annual Report “Innovating for Better Housing Outcomes”
In 2016, CMHC supported over 500,000 Canadian households through long-term social housing commitments and provided mortgage loan insurance for more than 350,000 homes.

Economic Impacts of the Housing Industry 2016
CHBA reports on the significant economic impact of the residential construction industry across Canada at the national, provincial and community levels.

Net Zero Home Label to Recognize Homes that Produce as Much Energy as They Consume
The Canadian Home Builders’ Association (CHBA) officially launched its Net Zero Home Labelling Program.

Strong evidence of overall problematic conditions, with some centres showing improvement in housing market conditions
CMHC is reporting strong overall evidence of problematic housing market conditions nationally due to moderate evidence of overvaluation and price acceleration.

Government of Canada takes historic action to create new rental housing
The Rental Construction Financing initiative will provide $2.5 billion in low-cost loans to support the construction of new rental housing

Statistics Canada — New Housing Price Index
The The New Housing Price Index (NHPI) rose 0.4% in February compared with the previous month. Ontario accounted for the majority of the gain, as new house prices increased in all 10 of its surveyed metropolitan areas.

Bank of Canada maintains overnight rate target at 1/2 per cent
The Bank expects global GDP growth to increase from 3 1/4 per cent this year to about 3 1/2 per cent in 2018 and 2019.

Affordable housing — Budget 2017
Budget 2017 proposes to invest more than $11.2 billion over 11 years, in addition to preserving the baseline funding for Canada Mortgage and Housing Corporation related to expiring social housing agreements.

2017 CHBA National Awards for Housing Excellence Finalists Named
The Canadian Home Builders’ Association (CHBA) is pleased to announce the finalists for the 2017 National Awards for Housing Excellence.

Statistics Canada - Investment in New Housing Construction
Total spending on new housing construction increased 8.7% year over year to $4.0 billion in January. Six provinces posted increases, led by Ontario and British Columbia. Nationally, investment increased for every dwelling type.

Federal Budget 2017
A ‘Complete’ National Housing Strategy is Key to Addressing Housing Affordability - Home Builders

Sustainable plumbing guide for builders and plumbers
The residential sector in Canada uses 43% of municipal water supplies and accounts for 17% of secondary energy use. This guide suggests practical ways to make sustainable and cost-effective changes.

Drywall Decision Seeks to Remedy Excessive Duties Contrary To Canada’s Economic Interests
Announcement from the Minister of Finance reducing the anti-dumping duties on drywall from the U.S. coming into Western Canada.

PCR Created for Roof Coating Materials
Global public health organization NSF International, in cooperation with the Roof Coatings Manufacturers Association (RCMA), has created the first product category rule (PCR) in North America for roof coating materials.

BMO Financial Group: 2017 Economic Forecast
Canada’s regional economic growth landscape should become a little less rugged in 2017, with the gap between the best and worst performing provinces expected to narrow.

CMHC: Mortgage Performance Highlights
In its 2016 Q3 report, CMHC highlighted a few noteworthy mortgage performance insights found in the numbers.

Canadian home sales edge down from December to January

According to statistics released by The Canadian Real Estate Association (CREA), national home sales were down slightly in January 2017 on a month-over-month basis.

Canadian House Price Growth Remains Elevated: CMHC Reports
Canada saw house prices grow by 7 per cent year-over-year at the end of the third quarter of 2016 after adjusting for inflation. However, removing Ontario from the calculation would have seen house prices remain flat through to the third quarter.

Canadian Home Sales Up From November to December
National home sales rose 2.2% from November to December.

CMHC: GTA Housing Prices Spilling Into Nearby Markets
According to a recent report by CMHC, the GTA’s high housing prices are spilling over into nearby markets, especially those within commuting distance.

Drywall Duty Report Recognizes Negative Impact on Builders, Renovators, Consumers and the Canadian Economy
The Tribunal has provided a number of recommendations to the Federal Government to mitigate the negative impacts on the residential industry.



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