How CMHC Can Support Affordable Housing
Affordable housing faces a significant hurdle in the form of high land costs. One type of land that hasn’t received sufficient consideration in our national housing strategy is brownfields. Brownfield properties refer to vacant, idle, or underutilized sites where prior industrial or commercial activities may have caused environmental contamination, posing challenges for expansion or redevelopment….
Read moreCPI versus PCE – Which is the Best US Inflation Measure?
In December, the Consumer Price Index (CPI) showed a 0.3% increase in inflation, with shelter costs contributing to more than half of this monthly rise. While the CPI is one measure of inflation, the Federal Reserve primarily relies on the price index for personal consumption expenditures (PCE) for its policy setting decisions, and has since…
Read moreCMI Housing Affordability Watch: Accessory Dwelling Units (ADUs) – An Essential Housing Solution in Need of a Flexible Funding Program
CMI monitors the latest developments and offers insights on solutions to Canada’s housing affordability crisis An Accessory Dwelling Unit (ADU) is a broad term that refers to a second residential unit situated on the same lot as an existing primary home. ADUs come in various forms, such as a standalone backyard house, a retrofitted garage,…
Read moreReflecting on a year of growth and resilience
As the year draws to a close, we reflect on the dynamic landscape that defined the mortgage industry in 2023. Amidst ongoing economic uncertainties, the year brought its share of obstacles and opportunities. Market volatility, shifting regulations, and evolving borrower needs shaped the terrain we treaded together. Despite the challenges, innovation and collaboration emerged as…
Read moreUS Interest Rate Outlook
Over the past two years, the Federal Reserve has increased the federal funds rate in an effort to stabilize prices. At its December 12-13 meeting, the Fed is expected to maintain its policy rate within the range of 5.25% to 5.5%. Currently, the Fed is facing a delicate balance between two risks: if they move…
Read moreCMI Housing Affordability Watch: Why Filtering is Key to Increasing the Supply of Affordable Housing
CMI monitors the latest developments and offers insights on solutions to Canada’s housing affordability crisis Filtering refers to the decline in quality and price of properties over time, essentially explaining how housing units become more affordable as they age. Through this mechanism, new construction will tend to be occupied by higher-income groups at first, but…
Read moreBank of Canada Expected to Remain on the Sidelines
Two key data releases last week support the view that the Bank of Canada is done raising rates. Unemployment numbers creep up In November, despite the decent increase in the number of jobs being created, the unemployment rate increased by 0.1% to 5.8%. With tight monetary conditions, the economy is unable to generate enough jobs…
Read moreContact Us
Contact us today to set up an appointment.