CMHC

A surge in the construction of rental units on the Quebec side of the river fuelled a 63 per cent jump in year-over-year housing starts in Ottawa-Gatineau
Telecom earnings, housing starts and new data from Canada's pot sector are all expected later this week
The chief executive of CMHC says his agency wants to raise hundreds of millions more dollars to help Canadians afford places to live, adding to the billions already available in government funding
Earnings from Metro, CN Rail and a new housing outlook from CMHC are among this week's stories to watch
Supply glut is gone and builders are ready to respond to pent-up demand in 2019, realtors and developers say
The Ottawa side of the river saw the steepest decline, with a 53-per-cent drop in new multi-residential properties driving the downturn
Despite a flurry of building on the Gatineau side of the river, a lag in new projects in Ottawa led to a slowdown in November housing starts
The average rent in Ottawa jumped 5.6 per cent from a year earlier to $1,174, with two-bedroom units costing tenants 5.8 per cent more at an average of $1,301
Ottawa’s housing market is staving off the vulnerability plaguing some of Canada’s other large municipalities, according to a CMHC report
But purchasers remain confident they'll be able to make monthly payments.