Tag: housing shortage Canada
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Canada’s Rental Crisis Moves East: Nova Scotia Now Least Affordable Province
Canada’s rental market shows signs of improvement overall, but the picture varies widely across the country. A recent Rentals.ca report indicates that while the rent-to-income gap has narrowed slightly since peaking in early 2023, affordability remains a challenge for most provinces. Only Alberta meets the commonly used threshold for affordability, where median households spend 30% or less of their…
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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…
Canada Housing Market 