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CMHC Releases Comprehensive Report on the State of Canada’s Housing

OTTAWA, Ontario, December 11, 2006 — A review of six decades of housing progress reveals significant improvements in housing conditions in Canada, according to the Canadian Housing Observer 2006 released today by Canada Mortgage and Housing Corporation (CMHC). Whether measured in terms of the improved features and physical condition of their homes, or increased rates of homeownership, Canadians have been the beneficiaries of substantial improvements in their housing.

In its annual review of the state of Canada’s housing, the Observer noted that the housing sector made a significant contribution to the Canadian economy in 2005, with strong employment growth, rising incomes and low mortgage rates fuelling sustained housing demand and high levels of new construction, resales, renovation and mortgage lending activity.

“The Observer is a leading source of comprehensive and authoritative data – an indispensable tool for anyone with an interest in housing,” said Karen Kinsley, President of CMHC. “For a wide range of users including planners, policy makers, researchers and builders, it provides in-depth information about Canada’s housing needs and challenges.”

The Observer presents a detailed review of housing conditions and trends in Canada and the key factors influencing them. Marking CMHC’s 60th anniversary, the Observer includes a special feature on housing progress in Canada, tracing how Canadians’ housing needs have evolved over the past six decades and some of the notable achievements that have been recorded along the way.

The Observer also deals with the challenge of sustainable development and how communities are renewing existing neighbourhoods through infill development, adaptive reuse and conversion, redevelopment of brownfields, as well as the use of secondary suites.

This year, CMHC has expanded the on-line data resources that accompany the Observer. These provide detailed information on housing conditions and trends in Canada, provinces and territories, and major urban centres. The publication and related housing statistics are available on CMHC's website www.cmhc.ca.

Canada Mortgage and Housing Corporation (CMHC) has been Canada’s national housing agency for more than 60 years. CMHC is committed to helping Canadians access a wide choice of quality, affordable homes, and making vibrant and sustainable communities a reality across the country.

For more information, please contact:

Leigh Howell
CMHC
613-748-2326
lhowell@cmhc-schl.gc.ca

Public inquiries:
1-800-668-2642

Backgrounder

Key Findings

Demographic and socio-economic influences on housing demand

Market developments

Housing finance

In your neighbourhood: intensifying and renewing existing neighbourhoods

Housing outcomes by income group

60 years of housing progress in Canada