The Canadian Home Builders’ Association (CHBA) 2025 released its Q1 Housing Market Index (HMI). The index indicates 11 straight quarters of negative sentiment since dropping from the post-pandemic highs in 2021 and early 2022.
CHBA’s single-family HMI is 26.4 for Q1 2025 (out of 100). The organization noted in the report that this score remains close to the index’s record low of 24.6 in Q4 2023 and is down 8.5 points from the score from the same time last year.
The single-family HMI at 7.4 and the multi-family HMI are 2.9 in Ontario, while in B.C., the level sits at 17.2 for single-family sales and 24.8 for multi-family sales.
