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Canada's Housing: Rent Payments Boost Your Credit! #montrealcourtier #equipedumitru #nousvendonsvotremaison #immobilierlaurentides #gabrieladumitru #lavalrivenord #servezengrand #immobiliermontreal #immobilierlaval #courtierimmobilier

📢 New Actions to Build More Homes Across Canada 🏡 The federal government has announced significant steps to address Canada’s housing crisis! Homeowners can now access financing to build secondary suites, like basement apartments or laneway homes, by refinancing up to 90% of their home’s value. Additionally, new consultations are underway to tax vacant lands, encouraging development and unlocking more land for housing. These measures aim to build 4 million homes by 2031, making homeownership more accessible for all Canadians. Ready to explore your options? Let’s chat! 📞 416-949-2006 📧 [email protected] #HousingCanada #HomeOwnership #MortgageUpdates #RealEstateDevelopment

"Over the past two decades, Canada has built a structural deficit in housing supply that can only be remedied through extensive investment by the private sector," he said. "With the private sector providing roughly 95% of housing in Canada, this is especially true to address the affordability challenges of the middle class, whether for rental or for ownership. Unfortunately, this also means relying on a sector that is affected by changes in the economy, notably changes in interest rates. So, all levels of government need to ensure that the private sector can build as much housing as possible when the going is good, and interest rates are low." #Canada #HousingSupply #Affordability #PrivateSectorInvestment #EconomicStability

Canada is struggling with a serious housing shortage. Builders can't afford to construct new homes, leading to fewer housing starts. This shortage isn't going away anytime soon. With interest rates at a 22-year high and record immigration and population growth, the situation is getting worse. The government is injecting $6 billion into the Canada Housing Infrastructure Fund, but will that be enough? The housing shortage in Canada is intensifying pressure on the real estate market. With limited supply and high demand, prices have nowhere to go but up. Share your thoughts below! 💬 #HousingMarket #RealEstate #Mortgage #MortgageTips #HomeShortage #MyBrokerPro #Migration #Immigration #CanadianHousing #SupplyAndDemand #AffordableHousing #PropertyPrices #HousingCrisis #Inflation #MortgageBroker #GovernmentFunding #HousingPolicy

Canada To Lease Government Land To Affordable Housing Developers The plan still falls 1.2 million units short of what is needed from 2023 to 2030, according to national housing agency Canada Mortgage and Housing Corp. #CanadaHousingPlan #AffordableHousing #PublicLandLeasing #HousingShortage #GovernmentIntervention #HousingCrisis #NationalHousingStrategy #ImmigrationImpact #FederalBudgetPriorities #PolicyMeasures

Canadian housing issues - are the big 5 playing a role to become a source of solutions. All Canadian bank operating in south of the borders have channeled millions$$$$ in supporting affordable housing in #unitedstates why are they not coming forward in #canada ? #td #cibc #rbc #bmo #scotiabank What is the hidden agenda no to ease the issue in Canada?…. “The Globe and Mail reports in its Friday edition that Prime Minister Justin Trudeau made housing announcements on Tuesday, Wednesday and Thursday, in Halifax, Toronto and Winnipeg. The Globe's Tony Keller writes that sending half the cabinet on a barnstorming tour, all performing the same song and dance numbers, is old-hat politics, but give the government this much: The actual housing announcements were real -- and substantial. The most important are the Apartment Construction Loan Program, an existing $40-billion pot of loan guarantees for rental housing developers, which is getting another $15-billion; and the new $6-billion Canada Housing Infrastructure Fund. According to a Canada Mortgage and Housing Corp. analysis from last year, getting shelter prices down to reasonable levels calls for building 5.8 milion homes over a decade. CIBC economist Benjamin Tal updated that estimate this year, and concluded the shortfall is a million homes higher. We need to build around seven million homes over a decade. According to CMHC, Canada had 271,000 housing starts in 2021 and 262,000 in 2022. That is higher than at any time since the 1970s -- and still nowhere near enough. We need to build at around three times that pace.”

🏗️ Canada’s Housing Starts See Modest Growth in September According to the Canada Mortgage and Housing Corporation (CMHC), housing starts increased by 5% in September compared to August, reaching an annualized rate of 223,808 units. While this is a positive sign, the figure fell short of economists’ expectations of 237,500 units. The boost came largely from increased activity in both multi-unit and single-family urban homes, signaling some recovery after a slower August. However, construction activity remains well below the levels needed to address Canada’s growing housing affordability crisis. CMHC estimates that 3.5 million additional units are needed by 2030 to ensure all Canadians can afford a home, with Ontario and British Columbia in particular facing a critical need for new builds. High interest rates and borrowing costs continue to challenge homebuilders, as reflected in a recent sharp decline in builder sentiment, according to the Canadian Home Builders’ Association. What do you think are the biggest hurdles to ramping up housing construction in Canada? #HousingMarket #RealEstate #Construction #HomeBuilding #CMHC #CanadaEconomy #AffordabilityCrisis #InterestRates #MortgageIndustry

hmmm...  Did the Liberal Party of Canada • Parti Libéral du Canada not say they were going to build homes, so many homes. And and did not the Bank of Canada's Tiff Macklem not say prior to jacking interest rates 19 fold that Canadians can rest assured to go out and take out that mortgage because the Bank of Canada will not be raising rates. And yet he still has his job, Trudeau is still in office and Canadians suffer while Jagmeet Singh gaslights Canadians. A report by Canada Mortgage and Housing Corp. says higher interest rates decreased housing starts by about 30,000 units last year.The slowdown in new construction amounted to a 10 to 15 per cent reduction in the number of new starts for the year, the national housing agency said.CMHC deputy chief economist Aled ab Iorwerth says higher rates affected new construction of condo buildings across most of the country. Full story. https://lnkd.in/gvMXUFwq

Over the past eight years, Canada's federal government has made nearly $51 billion of low-interest loans available to rental housing developers. They won't tell us how many units have actually been built. But the availability of development financing in other jurisdictions (like New York and Los Angeles) hasn't solved their problems. And jacking up the tax on capital gains will certainly scare potential builders off. https://lnkd.in/g5urfV2N

Despite labor shortages, Canada is missing out on significant homebuilding potential, says CMHC. CMHC's latest report delves into the ambitious goal of building 3.87 million new homes by 2031, as per Canada’s Housing Plan and the 2024 Federal Budget. But can we really meet this target? With around 650,000 workers in the residential construction workforce, Canada should be building 130,000 to 225,000 more homes annually than it currently is. Are we ready to overcome these challenges and meet the housing demand? Read the full article here: https://lnkd.in/g8H-RHsi #mortgages #mortgagebroker #mortgagelender #torontomortgages #torontoliving #industrynews