Housing Agency Has No Housing Shortage Plan Yet, CEO Says

The CEO of CMHC says more time is needed to complete an assessment as it’s ’very difficult' to estimate how many housing units can be built.

CMHC President and CEO Romy Bowers poses for a photograph, in Toronto, June 16, 2023. The Canadian Press/Christopher Katsarov

The head of Canada’s housing agency says a plan to solve the country’s shortage of homes has yet to be completed.

“No there is not a plan,” said Romy Bowers, CEO of the Canada Mortgage and Housing Corporation (CMHC), while testifying before the Senate finance committee on Dec. 5.