{"id":1921,"date":"2026-07-30T08:01:19","date_gmt":"2026-07-30T13:01:19","guid":{"rendered":"https:\/\/www.realestategtatoday.ca\/index.php\/2026\/07\/30\/northern-housing-squeeze-why-construction-costs-are-still-skyrocketing\/"},"modified":"2026-07-30T08:01:19","modified_gmt":"2026-07-30T13:01:19","slug":"northern-housing-squeeze-why-construction-costs-are-still-skyrocketing","status":"publish","type":"post","link":"https:\/\/www.realestategtatoday.ca\/index.php\/2026\/07\/30\/northern-housing-squeeze-why-construction-costs-are-still-skyrocketing\/","title":{"rendered":"Northern Housing Squeeze: Why Construction Costs Are Still Skyrocketing"},"content":{"rendered":"

While GTA investors often focus on local inventory, a new report from the Canada Mortgage and Housing Corporation (CMHC) highlights a growing divide in the Canadian market. The 2026 Northern Housing Report reveals that despite easing affordability pressures, territorial housing supply remains severely constrained by structural costs. In regions like Yellowknife, construction expenses are running 1.5 times higher than in Calgary, driven by logistical hurdles and labor shortages. While Whitehorse saw a 21% jump in sales activity, Iqaluit\u2019s market remains stagnant, with land-title transfers hitting half their typical average. Most notably, social housing is filling the gap, accounting for a staggering 93% of new residential investment in Nunavut. As the national housing market faces a projected contraction in 2026, these northern trends offer a cautionary tale about the impact of high construction costs on long-term supply. Read the full analysis at https:\/\/www.mpamag.com\/ca\/mortgage-industry\/market-updates\/northern-housing-costs-squeeze-supply-despite-affordability-gains\/584224.<\/p>\n

<\/p>\n

<\/div>\n

Source: Read the original article<\/a><\/em><\/p>\n

<\/p>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

New CMHC data shows high construction costs are stalling housing supply in the North. Here is what this means for the broader Canadian market.<\/p>\n","protected":false},"author":2,"featured_media":1920,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[178],"tags":[313,705,316,528,398],"class_list":["post-1921","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-data","tag-cmhc","tag-construction-costs","tag-housing-supply","tag-market-analysis","tag-real-estate-trends"],"_links":{"self":[{"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/posts\/1921","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/comments?post=1921"}],"version-history":[{"count":0,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/posts\/1921\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/media\/1920"}],"wp:attachment":[{"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/media?parent=1921"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/categories?post=1921"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/tags?post=1921"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}