- CMHC maintain 2022 projection that Canada needs about 3.5 million additional housing units by 2030 to restore affordability.
- CMHC expect housing demand to vary across the country due to evolving economic and demographic conditions.
- Most of Canada’s housing supply gaps are in Ontario and British Columbia. Quebec and Alberta are also projected to need more supply because of economic growth.
- A smaller overall housing stock in 2030 is projected from what CMHC reported last year. The main reason for this decline is the current shortfall in housing construction.
Source: CMHC