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chemgear · 09-13-2023, 06:43 PM

https://financialpost.com/real-estat...-affordability

Canada has no chance of building the additional millions of homes Canada Mortgage and Housing Corp. projects would be needed to restore housing affordability over the next seven years, according to the chief economist of Desjardins Group.

Last year, CMHC said a total of 5.8 million homes would be needed by 2030 to restore affordability, which worked out to 3.5 million additional units on top of their projection that the housing stock would grow by 2.3 million units if building continued as usual.

Concern about Canada’s housing supply has been heightened by the federal government’s plan to boost immigration targets and bring in 500,000 permanent residents annually by 2025

“So the question is, are we going to get an exponential home (supply) increase to match that?” Jean said.

09-13-2023, 06:43 PM	#8529
chemgear Franchise Player Join Date: Feb 2010 Exp:	https://financialpost.com/real-estat...-affordability Canada has no chance of building the additional millions of homes Canada Mortgage and Housing Corp. projects would be needed to restore housing affordability over the next seven years, according to the chief economist of Desjardins Group. Last year, CMHC said a total of 5.8 million homes would be needed by 2030 to restore affordability, which worked out to 3.5 million additional units on top of their projection that the housing stock would grow by 2.3 million units if building continued as usual. Concern about Canada’s housing supply has been heightened by the federal government’s plan to boost immigration targets and bring in 500,000 permanent residents annually by 2025 “So the question is, are we going to get an exponential home (supply) increase to match that?” Jean said.