Canada's national housing agency has warned that millions of homes must be built within less than a decade to balance the housing market, but even it seems doubtful that its own target is achievable
It's headed in the wrong direction.
The CMHC's deputy chief economist Aled ab Iorwerth said that while the corporation is still working on updated figures for how many homes need to be built to restore affordability, the data aren't encouraging. The report was published through collaboration between the Canadian Alliance to End Homelessness, the Smart Prosperity Institute and REALPAC, a national real-estate industry group.
The Liberal government's latest immigration targets, announced last fall, aim to bring in half a million people annually by 2025. The plan has prompted concerns about the pressure that high population growth could put on housing supply. It recently announced changes to the express-entry system that would prioritize tradespeople for permanent residency.
"There's no way that we're going to be able to triple homebuilding by just doing everything we're doing now," he said. Modular home building is one of the ways the industry is trying to innovate. It involves manufacturing components off-site and assembling them like building blocks.
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Feds need to turbocharge construction innovation to get homes built faster: expertsOTTAWA — Canada's national housing agency has warned that millions of homes must be built within less than a decade to balance the housing market, but even it seems doubtful that its own target is achievable. The current pace of housing starts is not just lagging. It's headed in the wrong direction. Last year, the Canada Mortgage and Housing Corp. said 5.8 million homes would need to be built by 2030 to restore housing affordability for Canadians. The current pace of building only puts the count
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Feds need to turbocharge construction innovation to get homes built faster: expertsOTTAWA — Canada's national housing agency has warned that millions of homes must be built within less than a decade to balance the housing market, but even it seems doubtful that its own target is achievable.
Read more »
Feds need to turbocharge construction innovation to get homes built faster: expertsOTTAWA — Canada's national housing agency has warned that millions of homes must be built within less than a decade to balance the housing market, but even it seems doubtful that its own target is achievable.
Read more »
Feds need to turbocharge construction innovation to get homes built faster: expertsOTTAWA — Canada's national housing agency has warned that millions of homes must be built within less than a decade to balance the housing market, but even it seems doubtful that its own target is achievable.
Read more »
Feds need to turbocharge construction innovation to get homes built faster: expertsOTTAWA — Canada's national housing agency has warned that millions of homes must be built within less than a decade to balance the housing market, but even it seems doubtful that its own target is achievable.
Read more »
Feds need to turbocharge construction innovation to get homes built faster: expertsOTTAWA — Canada's national housing agency has warned that millions of homes must be built within less than a decade to balance the housing market, but even it seems doubtful that its own target is achievable.
Read more »