To address the housing shortage, Canada needs to build an additional 1.3 million homes by 2030

Canada needs to build 1.3 million more homes by 2030 to address the country's housing shortage, the Parliamentary Budget Officer has announced. He estimates that Canada needs to build 181,000 more homes per year than it does now. The Canadian Mortgage and Housing Corporation also says Canada needs to build 3.5 million more homes by 2030 to be affordable. Housing returned to 2003-2004.

Ahead of the federal budget announcement, the Liberal government released announcements on housing aimed mainly at boosting housing construction. Proposed measures include billions of dollars in low-cost loans to build more rental housing, as well as infrastructure funding for the provinces. and municipalities. The government is trying to win over young voters who are extremely skeptical about buying a home and face skyrocketing rental costs.

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