CostsOfCanada.com
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Housing: 500,000 homes a year

The gap
−200,000
homes per year, the shortfall
The Promise
Housing

500,000 new homes a year

Carney's Liberals campaigned on doubling the rate of housing construction and building 500,000 new homes a year, alongside Build Canada Homes as a federal developer of affordable housing on public lands.

Source: Liberal Party of Canada, Building Canada Strong housing plan

The Reality
Housing

~245,000 to 250,000 a year, current trajectory

CMHC analysis sets the supply Canada actually needs at 430,000 to 480,000 homes a year through to 2035 to restore 2019 affordability. The current business-as-usual build rate sits at 245,000 to 250,000 a year. The shortfall is roughly 200,000 homes a year.

Source: CMHC: Canada's Housing Supply Shortages

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