housing supply crisis Archives - Mortgage Rates & Mortgage Broker News in Canada

Ontario to table bill to speed up home building as 1.5M target not on track

May 12, 2025 No Comments

Ontario’s housing minister is introducing legislation today intended to speed up the construction of new homes, as he admits the province isn’t currently on track to meet its goal of getting 1.5 million homes built over 10 years.

500,000 fewer homes needed in Canada by 2035 as population set to decline: Oxford

January 22, 2025 4 Comments

Canada’s housing needs are projected to decrease by 500,000 homes by 2035, driven by a decline in population, according to new research from Oxford Economics.

Canada’s Secondary Suite Loan Program expands to $80,000 loans with 2% over 15 years

December 10, 2024 15 Comments

The federal government today announced a doubling of its Secondary Suite Loan Program, which was originally unveiled in the April 2024 budget.

Parliamentary Budget Officer Yves Giroux

Immigration cuts will help housing gap, PBO says, but less than government projects

November 16, 2024 No Comments

The federal government is overestimating the impact its cuts to immigration will have on the country’s housing shortage, the Office of the Parliamentary Budget Officer said in a new report.

Barriers to homeownership in Canada are “vast,” Butler tells Finance Committee

October 22, 2024 2 Comments

The dream of homeownership is slipping out of reach for many Canadians, particularly young people and those without significant family assistance, according to mortgage expert Ron Butler.

Mortgage rule changes will help spark demand, but supply challenges persist: experts

September 18, 2024 No Comments

Experts say Ottawa’s changes to mortgage rules could help spur demand among potential homebuyers, but supply challenges are likely to persist in Canada’s real estate sector despite lofty goals to build new housing.

Ontario sets new planning rules intended to boost home building

August 21, 2024 No Comments

Ontario’s housing minister announced a new set of planning rules Tuesday, which he said will set the stage for a “long-term building boom.”

How modular housing could speed up construction of much-needed homes

August 5, 2024 No Comments

For a country with such a severe shortage of housing, the way Canada builds homes hasn’t changed that much since the country was founded.

More rental housing development needed despite recent rise: RBC economist

July 3, 2024 2 Comments

Even though rental housing construction in Canada has picked up significantly, more is needed to fill the demand backlog, according to a new RBC report.

Immigration provides important buffer for Canadian economy as population greys: RBC

May 30, 2024 No Comments

High levels of immigration are helping blunt the economic impact of Canada’s aging population even though it’s worsened challenges with housing affordability, a report by RBC says.

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