CMHC predicts a ‘slow' housing market for the next several years, with new construction lagging [BNN Bloomberg (Canada)]
Cabot Corporation (CBT)
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Source: BNN Bloomberg
Housing Corporation's (CMHC) 2026 Market Outlook which was released Tuesday. The agency predicts that national housing starts will fall below their 10-year average despite rental construction remaining strong “The general climate of uncertainty that has been brought about by trade tensions has definitely impacted housing investment and housing purchase decisions, there's no question,” says CMHC Deputy Chief Economist Kevin Hughes, who was the lead author of the report. The CMHC outlook predicts new home construction will decline through 2028 as developers face high costs, weaker demand and more unsold homes. The report also predicts condo construction will be especially weak. Overall, the outlook sets 2026 real GDP growth at just 0.7 per cent, which would make it one of the weakest non-recession years in decades. The report also cites modest income growth, slow population growth and softer labour markets as factors weighing on housing demand. “Several factors that are really s
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- CMHC reveals what's holding back housing starts [Wealth Professional (Canada)]Wealth Professional
- CMHC outlook sees home sales picking up slightly in 2026 [Advisor.ca (Canada)]Advisor.ca
- CMHC outlook sees home sales picking up in 2026 but will remain subdued [BNN Bloomberg (Canada)]BNN Bloomberg
- CMHC outlook sees home sales picking up in 2026 but will remain subdued [Yahoo! Finance Canada]Yahoo! Finance Canada
- Posthaste: Mortgage delinquencies more than quadrupled in this Canadian city with no relief on the horizon [Yahoo! Finance Canada]Yahoo! Finance Canada
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