Canada Mortgage and Housing Corporation says the projected housing supply gap has shrunk slightly from last year, but that Canada still needs to build about 3.5 million more houses by 2030 above and beyond what is currently planned in order to restore affordability.
A worker measures wood on a residential construction site in Montreal. According to the CMHC, Canada needs to build an additional 3.5 million homes beyond what is currently planned to provide adequate housing supply by 2030.
In its update Wednesday, the agency says incremental progress has been made, narrowing the gap slightly, but Canada still needs another 3.45 million new units above and beyond what is currently planned. Ontario still makes up the bulk of the shortfall with a 1.48 million gap, but that's down from the 1.85 million projected last year.Quebec needs an estimated 860,000 units, 240,000 more than last year; B.C. needs 610,000, an increase of 50,000; and Alberta needs 130,000, compared with 20,000 projected last year.
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CMHC calls for 'urgent action' to address 3.45-million housing gapThe Canada Mortgage and Housing Corporation (CMHC) believes nearly 3.45 million new housing units above current projections are needed by 2030 in order for Canada to achieve housing affordability.
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Canada’s housing supply gap has shrunk slightly, but remains at about 3.5 million units: CMHCThe federal housing agency says in its updated outlook that the supply picture has improved somewhat in Ontario, but has worsened in other provinces like Quebec, Alberta and B.C.
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Housing gap to restore affordability remains at about 3.5 million units: CMHCOTTAWA — Canada Mortgage and Housing Corp. says the projected housing supply gap has shrunk slightly from last year, but that Canada still needs to build about 3.5 million more houses by 2030 than what's on track to restore affordability.
Lire la suite »
Housing gap to restore affordability remains at about 3.5 million units: CMHCOTTAWA — Canada Mortgage and Housing Corp. says the projected housing supply gap has shrunk slightly from last year, but that Canada still needs to build about 3.5 million more houses by 2030 than what's on track to restore affordability.
Lire la suite »
Housing gap to restore affordability remains at about 3.5 million units: CMHCOTTAWA — Canada Mortgage and Housing Corp. says the projected housing supply gap has shrunk slightly from last year, but that Canada still needs to build about 3.5 million more houses by 2030 than what's on track to restore affordability.
Lire la suite »
Housing gap to restore affordability remains at about 3.5 million units: CMHCOTTAWA — Canada Mortgage and Housing Corp. says the projected housing supply gap has shrunk slightly from last year, but that Canada still needs to build about 3.5 million more houses by 2030 than what's on track to restore affordability.
Lire la suite »