Canada Needs up to 4.69 Million New Homes by 2036, but Construction Could Slow: CMHC
- Canada needs up to 4.69 million new homes by 2036 to restore pre-pandemic housing affordability, according to Canada Mortgage and Housing Corp. .
- CMHC estimates that between 417,000 and 469,000 new housing units must be built annually over the next decade across ownership and rental markets to meet affordability goals.
- Housing supply gaps have narrowed in Toronto and Calgary but have grown in Montreal and Ottawa; Edmonton has no large housing supply gap.
- CMHC's deputy chief economist warns that slowing home construction risks worsening shortages if demand increases again.
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In its annual report on housing supply in Canada, CMHC notes that the housing deficit remains as large as in 2025 at the national level.
The Toronto Star
Canada needs up to 4.69 million new homes by 2036, but construction could slow: CMHC
The federal housing agency says Canada narrowly chipped away at its supply gap over the past year, but the country still needs up to nearly 4.7 million new homes over the next decade to restore pre-pandemic affordability by 2036.
CMHC warns that the recent decline in residential construction is likely to reverse the meagre gains in affordable housing, both in Montreal and elsewhere in Canada. The city is also one of the markets where builders struggle most to meet demand. Canada is building too little, and not in the right place. This is the warning that the Canada Mortgage and Housing Corporation is launching in its most recent Housing Supply Report, published on Thursd…
OTTAWA, ON, Sept. 10, 2026 /CNW/ -- According to the last Housing Supply Report of the Canada Mortgage and Housing Corporation (CMHC), the
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