Canada's Housing Supply Gap Narrows, But CMHC Warns Underbuilding Risk Looms

417,000 to 469,000 new homes per year — that's what Canada needs to build annually over the next decade to restore pre-pandemic affordability by 2036, according to CMHC's latest supply gap estimate.

Money Moves

• CMHC says Canada must double building rate to restore affordability — The federal housing agency estimates the country needs between 417,000 and 469,000 new housing units annually, down slightly from last year's 430,000-480,000 estimate but still...