Posthaste: Why Canada’s housing squeeze could be worse than we thought
Ottawa’s ambitious target to substantially lift the number of new immigrants has raised concerns about whether Canada has enough housing to accommodate them.
The housing shortage in this country is well known and governments on all levels have released plans to bolster the supply.
Canada Mortgage and Housing Corporation estimated in June that an additional 3.5 million housing units needed to be built by 2030 to achieve affordable housing for everyone living in Canada. That’s on top of the 2.3 million units it expected to be built by that time at current rates of construction.
Leave a Reply