US EditionCondo Sales, Construction Crater in Canada’s Two Biggest Markets, Data Show
- Canada Mortgage and Housing Corporation states that up to 4.8 million new homes are required over the next decade to restore affordability levels last seen in 2019, based on projected demand.
- Between 430,000 and 480,000 new housing units are needed each year by 2035 across Canada to meet demand.
- CMHC highlights that Ontario and Nova Scotia have the largest housing supply gaps among provinces, with Montreal having the most significant gap for major cities.
- Iorwerth claims that doubling the pace of housing construction is achievable with a larger workforce, more investment, and reduced regulations.
24 Articles
24 Articles
For the British government, fighting housing shortages is the most important domestic task. In five years, it wants to build one and a half million homes. Charles III is progressing.
Doubling Home Construction Will Barely Improve Affordability in Canada: CMHC
Doubling the pace of homebuilding in Canada will only bring affordability back to levels seen right before the Covid-19 pandemic, according to a new government report that lowers expectations for the impact of construction on housing costs.
4.8M new homes need to be built over next 10 years to restore affordability, CMHC says
Canada Mortgage and Housing Corporation (CMHC) 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.
Condo sales, construction crater in Canada’s two biggest markets, data show
Condominium sales in Canada’s two major markets continue to fall, leading to increasing supply and the cancellation of dozens of condo projects, despite a nationwide push to dramatically increase the construction of new homes.
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