Housing gap to restore affordability remains at about 3.5 million units: CMHC
Canada Mortgage and Housing Corp. says the projected housing supply gap has shrunk slightly from last year, but that Canada still needs to build about 3.5 million more houses by 2030 than what's on track to restore affordability.The federal housing agency says in its updated outlook that the supply picture has improved somewhat in Ontario, but has worsened in other provinces like Quebec, Alberta, and British Columbia.Overall, CMHC estimates 3.45 million houses are needed beyond current construction trends, compared with 3.52 million in its outlook from June of last year.Ontario still makes up ...
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