VAUGHAN, Ont. - Liberal Leader Mark Carney says his government would double Canada’s rate of residential housing construction over the next decade to nearly 500,000 new homes per year.
Assuming that they’ve only looked at that, then by introducing useful, at-cost units on the market (rental or real estate), it might be possible to depress prices through fewer units. E.g. units like the 2-3 bedroom ones in cheap, brown multistorey buildings the CMHC used to build before condos became popular. A smaller flood of such units would bid prices down directly.
Definitely, but I don’t think the CMHC study distinguishes between unit types, nor do housing start stats. I believe we had 225k starts for the last couple years. We need to increase those numbers dramatically to improve affordability.
Assuming that they’ve only looked at that, then by introducing useful, at-cost units on the market (rental or real estate), it might be possible to depress prices through fewer units. E.g. units like the 2-3 bedroom ones in cheap, brown multistorey buildings the CMHC used to build before condos became popular. A smaller flood of such units would bid prices down directly.
Definitely, but I don’t think the CMHC study distinguishes between unit types, nor do housing start stats. I believe we had 225k starts for the last couple years. We need to increase those numbers dramatically to improve affordability.