Real Estate News

Canada needs 5.8 million new homes by 2030 to tackle affordability crisis, CMHC warns

The Canada Mortgage and Housing Corp. (CMHC) says 3.5 million more homes need to be built by 2030 to reach affordability. The agency released a report Thursday explaining the need for a different approach to the housing supply shortage at a time of rising demand and affordability concerns. “Increasing supply