Housing Construction Must Double in the Next Decade to Reclaim 2019 Affordability: CMHC

Date:

As many as 4.8 million new homes must be constructed over the next decade to return to affordability levels last seen in 2019 based on expected demand, Canada’s national housing agency says.

The latest supply gaps estimate report from the Canada Mortgage and Housing Corporation (CMHC) found the country will need between 430,000 and 480,000 new housing units each year across the ownership and rental markets until 2035. 

spot_imgspot_imgspot_img

Share post:

More like this
Related

Australian Prime Minister Vows to Toughen Social Media Ban for Under-16s

Australian Prime Minister Anthony Albanese in Sydney, Australia, on...

Italy to Join US-led AI Supply Chain Alliance

Italian Prime Minister Giorgia Meloni waits to welcome Austria's...

IAEA Chief Says Iran Nuclear Inspections Should Resume Soon Under US-Iran Deal

International Atomic Energy Agency Director-General Rafael Grossi speaks to...

EU Joins US-Led Pax Silica Alliance to Secure AI Supply Chains

Semiconductor chips on a circuit board of a computer...