Canada's Housing Market Crisis and the Roadblocks to Building 2 Million Homes
The recent developments in the Canadian housing market paint a daunting picture, especially in light of the ambitious promises made in Budget 2024. The government's pledge to construct an additional 2 million homes over the next 7 years appears increasingly improbable when examined against the current realities across various industries. Consider housing starts - Despite the government's optimistic goals, data reveals a staggering housing supply deficit in Canada. The ratio of growth in the w...