Tag: housing supply gap
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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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Canada Needs to Double Home Construction to Restore Affordability by 2035, Says CMHC
CMHC: 4.8 Million New Homes Needed to Close Canada’s Affordability Gap In a newly released report, the Canada Mortgage and Housing Corporation (CMHC) says that Canada must double its current pace of housing construction to restore affordability levels last seen in 2019. That means building between 430,000 and 480,000 homes per year– both in the…
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Canada’s New Immigration Caps Could Lower Rent and Address Housing Shortages
In a major policy shift, Canada has announced cuts to immigration targets, aiming to ease economic pressures—particularly in the housing market. The government’s revised immigration plan will lower the cap on permanent residents and set limits on temporary residents, a move that is expected to have significant impacts on housing demand, particularly in rental markets.…
Canada Housing Market 