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Canada Must Build 4.8 Million Homes by 2035

6/20/2025

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Summary

Story summary

To restore housing affordability to 2019 levels, Canada needs to construct up to 4.8 million new homes by 2035, as revealed by the Canada Mortgage and Housing Corporation. This ambitious goal demands a near doubling of current construction rates, with major cities like Montreal and Toronto facing the most pressing shortages.

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Story summary

To restore housing affordability to 2019 levels, Canada needs to construct up to 4.8 million new homes by 2035, as revealed by the Canada Mortgage and Housing Corporation. This ambitious goal demands a near doubling of current construction rates, with major cities like Montreal and Toronto facing the most pressing shortages.