How Canada can build more homes without higher housing costs - report

Over the last decade, the cost of housing in Canada has risen so suddenly, and so rapidly, that it has caused a housing affordability crisis in most areas of the country. Governments are now starting to realize that solving this crisis will require building more homes, and faster than ever before. The Canada Mortgage and Housing Corporation (CMHC) estimates that Canada must increase the number of homes across the country by 3.5 million by 2030, on top of what is already expected (optimistically) to be built in order to restore housing affordability. CMHC also estimates this will require additional investments of $1 trillion or more.

But how can Canada build this many homes when the increased levels of investments - particularly bank mortgages - that are needed to build more housing have consistently led to higher housing costs? How do Canadian governments deal with this Gordian knot?

We've prepared a report that tackles these important questions, and it's available for download at the link below. This report outlines the main cause of the Canadian housing affordability crisis (an imbalance between bank mortgages and housing supply) and how governments across Canada can respond. We hope that you will find it interesting and informative enough to spread the word and engage with your local member of parliament (MP) and your local member of the legislative assembly (MLA).

If you have any questions or comments, please reach out to us on our contact page or on X (formerly Twitter).

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