Government Can't Solve Housing Issues Alone

Vancouver, Toronto, Calgary

2022/12/06

A new report by Canada Mortgage and Housing Corp says government alone can't solve the country's housing affordability challenges. The national housing agency says public solutions such as rent subsidies and more social housing are helpful, but more needs to be done. The agency estimated that an additional 3.5M housing units would be required to achieve affordability by 2030. The report notes that government incentives can be used to make it more attractive for companies to build additional housing. The report says the imperative of increasing housing supply will be even greater as Canada seeks to attract more immigrants.