OTTAWA,
ON, May 16, 2024 /CNW/ - In light of
Canada's significant housing
supply shortage, dramatically increasing the country's pace of
construction and housing starts are critical steps to restoring
affordability. In 2023, housing starts decreased slightly from
previous record-highs to 240,267 starts, while roughly 650,000
workers were building homes in Canada, the most ever seen.
In the article, What is Canada's potential capacity for housing
construction? CMHC's Senior Vice President of Housing
Economics and Insights, Mathieu
Laberge, argues that with the current resources dedicated to
home-building, Canada should have
the potential to build between 130,000 and 225,000
more homes each year. Reaching this potential,
Laberge says, will require all sectors to continue making
significant short and long-term structural changes.
Read the full article on CMHC's Housing Observer: What is
Canada's potential capacity for
housing construction?
To request an interview with Mathieu
Laberge, please contact CMHC Media Relations.
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SOURCE Canada Mortgage and Housing Corporation (CMHC)