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DURHAM REGION HOMEBUILDERS' ASSOCIATION

CHBA Releases Economic Impacts of the Housing Industry

July 21, 2021 10:40 AM | Durham Region Home Builders' Association (Administrator)

Each year, CHBA produces Economic Impact Fact Sheets that report on the significant economic impacts of the residential construction industry across Canada at the national, provincial and community levels. The new home construction home and renovation industries are crucial to the Canadian economy at large and in every single community, creating jobs at the local level that help our communities thrive. The fact sheets reflect estimated economic impacts of residential activity for the past year based on Statistics Canada and Canada Mortgage and Housing Corporation (CMHC) data.

As of last year, CHBA is also pleased to present our annual publication: Residential Construction in Canada – Economic Performance Review 2020 with 2021 Insights. This report provides a holistic overview of the housing market and the significant economic impacts of the residential construction industry in Canada. The report leverages published government data from a variety of sources, with more analysis, explanations, and graphs.

The report also includes our annual Economic Impact Fact Sheets which highlight the importance of the residential construction industry within Canada’s economy and in each community across the country.

These are the highlights from Durham Region:

The total economic impacts of residential construction (new home building, renovation and repair):

  • 19,688 jobs - on and off-site jobs - one of the largest employers
  • $1.3 billion in wages - dollars that show up in purchases across the entire local economy
  • $2.3 billion in investment - built investment value is the largest single wealth-builder for many families.

The economic impacts of new home construction:

  • 4,211 starts - new housing starts are key to economic growth in our community
  • 10,086 jobs - on and off-site jobs - a major source of employment
  • $663.9 million in wages - dollars that show up in purchases across the entire local economy
  • $1.2 billion in investment - maintains and improves the largest single wealth-builder for most families.

The economic impacts of home renovation and repair:

  • 9,602 jobs - a major source of employment in the community
  • $633.3 million in wages - dollars that show up in purchases across the entire local economy
  • $1 billion in investment - maintains and improves the largest single wealth-builder for many families.

The economic impacts have been calculated by Will Dunning Inc. Economic Research and estimates are based on 2020 data from Canada Mortgage and Housing Corporation and Statistics Canada.


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1-1255 Terwillegar Avenue

Oshawa, Ontario

L1J 7A4






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Durham Region Home Builders' Association is a 501(c)6 non-profit organization. 1-1255 Terwillegar Avenue Oshawa, Ontario L1J 7A4

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