CMHC Warns Ontario Condo and Housing Projects Are Stalling in 2026 – What That Means for Developers, Investors and Their Construction Financing

CMHC’s latest Housing Supply Report shows Canada’s housing starts rose about 6% in 2025, but warns that ownership‑oriented supply—especially condos—is under serious pressure from collapsing presales and rising unsold inventory. New CMHC and media outlooks now flag that high construction costs, tighter financial conditions and unsold stock could push housing starts into a multiyear slump between 2026 and 2028, including in major Ontario markets. I’m already seeing the impact on developers and small‑to‑mid‑size investors in Ontario: projects delayed, lenders moving the goalposts on presale thresholds, and financing that was “solid” a year ago suddenly being repriced or pulled. This is exactly where I step in as a commercial mortgage broker—renegotiating loan structures, sourcing alternative construction and term lenders, and helping you keep viable projects funded so your equity and pre‑sales don’t get trapped in limbo.

Source: https://www.cmhc-schl.gc.ca/media-newsroom/news-releases/2026/spring-2026-housing-supply-report

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