Tag: Canada housing crisis
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41 Percent of Canadian Home Builders Have Laid Off Workers – Many Don’t Plan to Rehire
Canada needs to build 5.8 million homes by 2030 to restore affordability, according to CMHC, yet residential construction is now moving backward. A new report from the Canadian Home Builders’ Association (CHBA) shows: ✅ 41% of builders in Canada have laid off workers❌ Most do not plan to rehire them In key markets, the number is even higher: This marks the lowest level…
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Canada Needs 3.2 Million New Homes to Close Housing Gap, PBO Warns
Canada will need to build 3.2 million new homes over the next decade to close the housing gap, according to a new report from the Parliamentary Budget Officer (PBO). Current construction trends, however, suggest the country is falling short of that goal. What the Report Says The PBO projects that homebuilding activity will rise in…
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Home Prices Projected to Rise 63% by 2035: Why Canada Must Build 32,000 More Homes a Year
A 63% price jump in just over a decade? That’s the reality we’re staring down- unless we act fast. According to recent projections, Canadian home prices are on track to increase by 63% between 2024 and 2035, which breaks down to an average annual growth rate of 5%. To put that in perspective, that’s more…
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Canada Allocates $50 Million to Crack Down on Airbnbs and Short-Term Rentals
The Canadian government is taking significant steps to address the housing crisis by investing $50 million in the Short-Term Rental Enforcement Fund. With approximately 235,000 short-term rental units, including Airbnbs and Vrbos, operating across the country, this initiative aims to bring non-compliant properties back into the long-term housing market. The Goals of the Short-Term Rental…
Canada Housing Market 