Tag: new home construction Canada
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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…
Canada Housing Market 