CMHC: Canada’s Housing Supply Shortage
June 23, 2022
CHMC releases Canada’s Housing Supply Shortage: Restoring affordability by 2030 report where they project housing needs to meet affordability by 2030.
Here is a summary of units needed by province/territory from the report:
| Target level of affordability in 2030 | Housing supply required | |
|---|---|---|
| Ontario | 37% | 1.85 million |
| Quebec | 32% | 0.62 million |
| BC | 44 % | 0.57 million |
| Manitoba | 30 % | 0.26 million |
| Saskatchewan | 30% | 0.10 million |
| Newfoundland | 30% | 0.06 million |
| Nova Scotia | 31% | 0.05 million |
| Alberta | 30% | 0.02 million |
| New Brunswick | 30% | |
| P.E.I. | 30% | |
| Total | 3.53 million |
Here is the link to the full report: Link