The affordability gap in Canada, research claims that 3.5 million new homes are required.

By: 600011 On: Sep 14, 2023, 5:29 PM


In accordance with the government housing ministry, Canada would require 3.5 million additional dwellings by 2030 to keep up with population growth, including immigration. The release of the new research comes as the federal administration is under fire for boosting immigration despite the housing crisis. In addition to the 1.68 million new homes estimated to be completed by 2030, Canada will require an extra 3.5 million new units. This will result in the construction of 5.2 million additional homes. According to the report, 1.48 million extra units are required in Ontario. This is a 20% drop from the previous year's projection. The housing supply gap in Quebec is 860,000 units. This is a 40% increase above the agency's previous projection.