At least $1 trillion needed to achieve housing affordability, CMHC says

housing affordability in CanadaThat amount of investment is needed to meet the estimated cost of building the millions of homes necessary to address the affordability crisis, the national housing agency said on Oct. 3. It said last month that Canada still needs“The amount of money is so enormous that we really need the private sector involved,” deputy chief economist Aled ab Iorwerth said. “The government can’t do it alone.

“The rental sector needs to be expanded a lot… so in order to encourage that, we need a lot of private sector investment there,” ab Iorwerth said, adding that anything that damages or inhibits that incentive is going to worsen supply and therefore adversely affect affordability for everyone. “Given the positive role private ownership can bring, the activities of some bad actors need to be addressed through effective regulation rather than blaming the whole industry,” it said.Bank of Canada warns of inflation 'feedback loop'Discover a world of exciting games, from heart-pumping action to brain-teasing puzzles. Get the latest versions of the top games in 2023.

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Private sector plays key role in boosting housing supply but must 'up its game': CMHCCanada Mortgage and Housing Corp.'s deputy chief economist says the private sector must be given the proper incentives to invest more in housing in order to address the need for 3.5 million additional units by 2030.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Private sector plays key role in boosting housing supply but must 'up its game': CMHCCanada Mortgage and Housing Corp.'s deputy chief economist says the private sector must be given the proper incentives to invest more in housing in order to address the need for 3.5 million additional units by 2030.
Source: SooToday - 🏆 8. / 85 Read more »