Canada Mortgage and Housing says even under best-case scenarios, housing starts will fall well below the affordable housing supply targets it has set for Ontario, B.C. and Quebec to reach by 2030.
Canada Mortgage and Housing Corp. says even under best-case scenarios, housing starts will fall well below the affordable housing supply targets it has set for Ontario, B.C. and Quebec to reach by 2030.
"These provinces are going to have problems, but how much they will have... is what was more surprising." CMHC describes a best-case scenario as a market where there is the highest percentage of people in the population working in residential construction and the lowest number of construction workers per unit being built in the last 25 years.
It found the number of workers per residential unit under construction has been decreasing in Ontario, Quebec and B.C., leaving each worker with more tasks to complete."Labour is able to get more things done within the same building, so it's easier to move equipment and cranes as opposed to in those big, low rise subdivisions, where it appears ... that more workers are needed to move between one house to another," said Senagama.
"The trades themselves would prefer to be managing a larger group of people and be involved in one project than having to build low-rise or mid-rise housing," he said. Fenton doesn't necessarily think immigration is the answer, but feels the government could do more to encourage people to return to the workforce after COVID-19 shutdowns in 2020 and 2021.
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