Housing crisis solutions viewed as a marathon, not a sprint, says CMHC - On-Site Magazine

Housing crisis solutions viewed as a marathon, not a sprint, says CMHC - On-Site Magazine

(PHOTO: © GUY / ADOBE STOCK) Canada will need 430,000 to 480,000 new housing units to be built annually over the next decade to return housing affordability levels to 2019 figures, says Canada Mortgage and Housing Corporation (CMHC). This would be an approximate doubling of the current pace of home construction in Canada. CMHC research on productivity suggests that Canada’s homebuilding industry currently has the potential capacity to build more…