TD report calls into question Liberal housing plan’s promise of 500,000 housing starts a year

TD report calls into question Liberal housing plan’s promise of 500,000 housing starts a year

The Liberal government was elected on an ambitious housing plan that promises to build about 500,000 new homes a year, but a report by Toronto-Dominion Bank released on Tuesday said the proposed policies will fall short of achieving that objective.

Ottawa’s housing ambitions face reality check as TD economist warns of industry limits

Prime Minister Mark Carney has set an ambitious goal to ramp up Canadian housing completions to 500,000 per year over the next decade to tackle the housing shortage.  But are that many new homes needed to make housing more affordable and accessible? Maybe not, according to TD Bank economist Rishi Sondhi.  In a new report, TD’s analysis suggests that 400,000 completions a year may do the trick – but that’s still a lofty goal, says the report. “Co…