This article, supported by the Canadian Housing Evidence Collaborative (CHEC), discusses the challenges and implications of Canada’s proposed target of building 5.8 million new homes by 2030, as proposed by the Canada Mortgage and Housing Corporation (CMHC).
The analysis explores the feasibility of the target and suggests that current policies may not effectively address the root causes of rising housing prices. It highlights the need for an alternative approach to supply targets and emphasizes the importance of managing demand factors, such as immigration levels, to achieve sustainable housing solutions.
Author: Steve Pomeroy, industry professor, Canadian Housing Evidence Collaborative (CHEC), McMaster University
Topics include: Housing supply targets, demand management, affordability, policy recommendations