An estimated 2.6 million Canadian households will be in need of new housing by 2027, according to a report from the Parliamentary Budget Officer (PBO).
The report says a total of 2.4 million households are already in “core housing need,” which means their home is either in need of major repairs, does not have enough bedrooms for the household size, or is costing them 30 percent or more of their before-tax income.
