To Be Built Over Next 10 Years
Restore Affordability
Amount represents double the current pace of home construction in Canada.
The national housing agency released its latest supply gaps estimate report today, which says between 430,000 and 480,000 new housing units are needed per year across the ownership and rental markets by 2035.
In 2023, CMHC estimated Canada would need to build an additional 3.5 million housing units by 2030, on top of 2.3 million that were already projected to be built by that year, to reach affordability levels seen in 2004.
Read Full:
- CBC – https://www.cbc.ca/news/business/cmhc-affordability-homes-1.7565525
Explore Canada’s housing affordability challenge and the need for more homes by 2035
Read Full:
- https://www.cmhc-schl.gc.ca/professionals/housing-markets-data-and-research/housing-research/research-reports/accelerate-supply/canadas-housing-supply-shortages-a-new-framework