Canada Needs to Build 1.3M Additional Homes by 2030 to Close Housing Gap, Says PBO

In this photo taken using a drone, homes under construction are seen in a new suburb, in Ottawa, on Oct. 15, 2021. The Canadian Press/Adrian Wyld

The parliamentary budget officer says Canada would need to build 1.3 million additional homes by 2030 to eliminate the country’s housing gap.

The newly released report looks at how many more homes would need to be built restore Canada’s vacancy rate to the historical average.