According to the CMHC in Canada we need to add 3.5M units by 2030 to restore affordability. This assumes an avg. of 583K units per yr, starting in 2024. Over the last 8 yrs the avg housing completions were 200K units. www.cmhc-schl.gc.ca/blog/2023/ap...
Approval Delays Linked with Lower Housing AffordabilityCMHC and Statistics Canada’s Municipal Land Use and Regulation Survey shed light on how approval delays and land use regulations impact affordable housing across Canada.www.cmhc-schl.gc.ca