Does Ontario need to build more than 2 million homes over the next decade?

Housing Construction Must Double in the Next Decade to Reclaim 2019 Affordability: CMHC

As many as 4.8 million new homes must be constructed over the next decade to return to affordability levels last seen in 2019 based on expected demand, Canada’s national housing agency says. The latest supply gaps estimate report from the Canada Mortgage and Housing Corporation (CMHC) found the country will need between 430,000 and 480,000 new housing units each year across the ownership and rental markets until 2035.  CMHC deputy chief economis…

Does Ontario need to build more than 2 million homes over the next decade?

Ontario’s target of building 1.5 million homes by 2031 may not be enough to meet demand, civil servants have told the province’s new municipal affairs minister, saying that 2.1 million homes could instead be needed to improve affordability.

CMHC reports Canada may need to double housing construction to regain affordability

Major bank suggests increase would require 'revolution' in completions