Rajatheertha Construction & Real Estate News Blog

  Canada Building Permits Jump 8.8% to C$13.6 Billion — But Is Housing Supply Actually Catching Up? Canada | October 16, 2026 Canada has just reported one of its strongest monthly increases in building permits this year, but the headline number hides a much more complicated housing story. The total value of building permits issued across the country rose 8.8% in August to C$13.6 billion , Statistics Canada reported on October 14. Residential construction was responsible for essentially all of that increase. The value of residential permits climbed 15.3% to C$8.47 billion , while non-residential permits were almost unchanged at approximately C$5.1 billion. For a country that has spent years debating a severe housing shortage, those numbers initially sound encouraging. But there is an important catch. The surge was overwhelmingly driven by multi-unit housing such as apartments and condominiums , while single-family construction barely moved. And when the data is viewed over a full ye...

  Canada Housing Affordability 2026: Bank of Canada Says Rate Cuts Alone Cannot Fix the Crisis Canada | October 4, 2026 Estimated reading time: 8–10 minutes Canada’s housing market has become cheaper in some places, mortgage conditions have changed, and governments have rolled out new support for first-time buyers. Yet the Bank of Canada says the country is still nowhere near solving its housing-affordability problem. In a major housing speech this week, Senior Deputy Governor Carolyn Rogers warned that Canada’s affordability challenge cannot be fixed simply by raising or lowering interest rates. The deeper problem is that housing supply has failed to keep pace with demand, while zoning restrictions, infrastructure constraints and the growing role of property as an investment have made the market more difficult for both buyers and renters. That is an important message for anyone waiting for lower mortgage rates before buying a home. A rate cut may reduce monthly borrowing costs. Bu...