Canada Must Double Home Construction over 10 Years for Affordability: CMHC - National

Canada must double home construction over 10 years for affordability: CMHC - National

The Canada Mortgage and Housing Corp. says the goal to reach 2004-level affordability is no longer possible, but it is achievable to hit 2019 levels.

Systemic changes “essential” to ramp up Canada’s homebuilding: CMHC economist

Canada Mortgage and Housing Corp.’s new estimates on Canada’s housing supply show that a return to 2019 housing affordability levels is possible – but getting there will require a major homebuilding overhaul. According to CMHC, between 430,000 and 480,000 new housing units will need to be built annually over the next decade to restore affordability. This is an approximate doubling of the current pace of home construction in Canada.  “Doubling th…

CMHC says more construction needed to restore housing affordability

By Richard Coffin A new report says governments need to double the current pace of home construction across the country if they want to get to 2019 housing affordability levels.Canada Mortgage and Housing Corporation says new estimates show that requires up to 480-thousand new homes being built every year for the next decade.“Doubling the pace of housing construction in Canada is achievable, but not without a significantly larger and modernized …

Home construction must double over next decade to restore 2019 affordability: CMHC - Mortgage Rates & Mortgage Broker News in Canada

Canada Mortgage and Housing Corp. says up to 4.8 million new homes will need to be built over the next decade to restore affordability levels last seen in 2019 based on projected demand.

Doubling pace of construction over next decade would restore housing affordability to 2019 levels

/CNW/ - Today, Canada Mortgage and Housing Corporation (CMHC) released new estimates on Canada's housing supply gaps showing that a return to housing...