Just how badly does Canada need to increase its home building pace, vs the early 2000s?
“When CIBC economist Benjamin Tal updated the CMHC estimate earlier this year, to account for recent unprecedented population growth because of immigration, he pegged the shortfall at closer to seven million homes.
If that’s true, then getting to housing affordability doesn’t just mean a doubling of the pace of home building. It would take a quadrupling.”
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