More Private-Sector Funding Needed to Address Housing Crisis: Federal Agency Economist

More Private-Sector Funding Needed to Address Housing Crisis: Federal Agency Economist
A new condo construction site is seen in downtown Toronto on May 25, 2023. The Canadian Press/Chris Young
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A senior economist for Canada’s housing agency says that more private sector involvement is needed to solve the country’s housing crisis.

Aled ab Iorwerth, deputy chief economist for the Canada Mortgage and Housing Corporation (CMHC), made the comments in an Aug. 13 report, Accelerating Rental Supply: Encouraging Development While Safeguarding Tenants.