Canada needs to build 3.2 million new homes in the next 10 years to address the country’s housing shortfall but is not currently on course to achieve this, despite a deceleration in immigration rates, new analysis by the country’s budget watchdog suggests.
A newly released report from the Office of the Parliamentary Budget Officer (PBO) is projecting the number of new home builds will rise in the next three years, but will gradually align with historical averages afterward.
