This report by the Canada Mortgage and Housing Corporation (CMHC) analyzes the country’s housing supply gap using a new model, projecting scenarios up to 2035. It highlights the need to nearly double annual housing starts to 430,000-480,000 units to restore affordability to pre-pandemic levels, emphasizing the importance of increased housing supply.
Key insights include the role of affordability ratios, the impact of interest rates, and regional housing needs. Non-profit housing providers and policymakers would benefit from this analysis.
Topics include housing supply, affordability, and housing stats.