Canada

condominium

• Who Is Affected

  Renters in downtown, midtown and transit-linked suburban nodes need completions, not just applications. Condo buyers should separate active construction from marketing claims. Developers with financed sites may benefit if weaker projects remain stuck between permit approval and excavation.

  CMHC July Data Puts Toronto Approved Units Behind Construction Starts

• July Starts

  CMHC said Canada's all-area housing-start SAAR fell 5 percent in July to 229,074 units, while the six-month trend was nearly flat at 247,377. In large centres, actual July starts were 19 percent lower year over year, and Toronto starts decreased 10 percent because of weaker multi-unit starts.

  CMHC July Data Puts Toronto Approved Units Behind Construction Starts

• Pipeline Gap

  The same release showed approved permits not yet started rising nationally to 141,480 units. That is a useful future-supply marker, but Toronto renters and condo buyers cannot occupy a permitted tower that has not reached financing, site work and construction start.

  CMHC July Data Puts Toronto Approved Units Behind Construction Starts

construction

• July Starts

  CMHC said Canada's all-area housing-start SAAR fell 5 percent in July to 229,074 units, while the six-month trend was nearly flat at 247,377. In large centres, actual July starts were 19 percent lower year over year, and Toronto starts decreased 10 percent because of weaker multi-unit starts.

  CMHC July Data Puts Toronto Approved Units Behind Construction Starts

• Pipeline Gap

  The same release showed approved permits not yet started rising nationally to 141,480 units. That is a useful future-supply marker, but Toronto renters and condo buyers cannot occupy a permitted tower that has not reached financing, site work and construction start.

  CMHC July Data Puts Toronto Approved Units Behind Construction Starts

• Toronto Checks

  Purchasers should verify project stage, lender status, presale level, deposit insurance, expected occupancy, assignment rules, nearby completions, rental competition and municipal approvals. A large pipeline should be discounted when starts are soft.

  CMHC July Data Puts Toronto Approved Units Behind Construction Starts

market

• Who Is Affected

  Renters in downtown, midtown and transit-linked suburban nodes need completions, not just applications. Condo buyers should separate active construction from marketing claims. Developers with financed sites may benefit if weaker projects remain stuck between permit approval and excavation.

  CMHC July Data Puts Toronto Approved Units Behind Construction Starts

• July Starts

  CMHC said Canada's all-area housing-start SAAR fell 5 percent in July to 229,074 units, while the six-month trend was nearly flat at 247,377. In large centres, actual July starts were 19 percent lower year over year, and Toronto starts decreased 10 percent because of weaker multi-unit starts.

  CMHC July Data Puts Toronto Approved Units Behind Construction Starts

• Pipeline Gap

  The same release showed approved permits not yet started rising nationally to 141,480 units. That is a useful future-supply marker, but Toronto renters and condo buyers cannot occupy a permitted tower that has not reached financing, site work and construction start.

  CMHC July Data Puts Toronto Approved Units Behind Construction Starts

supply

• Who Is Affected

  Renters in downtown, midtown and transit-linked suburban nodes need completions, not just applications. Condo buyers should separate active construction from marketing claims. Developers with financed sites may benefit if weaker projects remain stuck between permit approval and excavation.

  CMHC July Data Puts Toronto Approved Units Behind Construction Starts

• July Starts

  CMHC said Canada's all-area housing-start SAAR fell 5 percent in July to 229,074 units, while the six-month trend was nearly flat at 247,377. In large centres, actual July starts were 19 percent lower year over year, and Toronto starts decreased 10 percent because of weaker multi-unit starts.

  CMHC July Data Puts Toronto Approved Units Behind Construction Starts

• Pipeline Gap

  The same release showed approved permits not yet started rising nationally to 141,480 units. That is a useful future-supply marker, but Toronto renters and condo buyers cannot occupy a permitted tower that has not reached financing, site work and construction start.

  CMHC July Data Puts Toronto Approved Units Behind Construction Starts

apartment

• Who Is Affected

  Renters in downtown, midtown and transit-linked suburban nodes need completions, not just applications. Condo buyers should separate active construction from marketing claims. Developers with financed sites may benefit if weaker projects remain stuck between permit approval and excavation.

  CMHC July Data Puts Toronto Approved Units Behind Construction Starts

development

• Who Is Affected

  Renters in downtown, midtown and transit-linked suburban nodes need completions, not just applications. Condo buyers should separate active construction from marketing claims. Developers with financed sites may benefit if weaker projects remain stuck between permit approval and excavation.

  CMHC July Data Puts Toronto Approved Units Behind Construction Starts

for sale

• Toronto Checks

  Purchasers should verify project stage, lender status, presale level, deposit insurance, expected occupancy, assignment rules, nearby completions, rental competition and municipal approvals. A large pipeline should be discounted when starts are soft.

  CMHC July Data Puts Toronto Approved Units Behind Construction Starts

house

• July Starts

  CMHC said Canada's all-area housing-start SAAR fell 5 percent in July to 229,074 units, while the six-month trend was nearly flat at 247,377. In large centres, actual July starts were 19 percent lower year over year, and Toronto starts decreased 10 percent because of weaker multi-unit starts.

  CMHC July Data Puts Toronto Approved Units Behind Construction Starts