The Canada Mortgage and Housing Corporation has estimated the country needs to build 3.5 million more homes by 2030 than it is on track for
Canada’s federal housing agency is worried affordability will deteriorate unless the country acts on supply challenges and other housing measures soon.
While 271,000 homes were built two years ago and roughly 260,000 last year, chief economist Bob Dugan is now forecasting between 210,000 and 220,000 will be constructed this year.
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