Alleviating Canada’s housing affordability crisis revolves around increasing the supply of homes. But with Ontario’s environment of rising interest rates, labour shortages, high input costs, and even inter-provincial migration out of the bigger cities, analysts are suggesting solutions range from incentives for developers and builders to re-thinking land-use policies.
Ontario has a goal of building 1.5 million new homes by 2031, a target that many observers have said is unattainable.
“It will not be achieved but we have to maximize what we can do,” Benjamin Tal, CIBC’s deputy chief economist, told The Epoch Times in an interview on July 19.
Mr. Tal, a long-time advocate for more purpose-built rental units like large apartments, says that policy-makers must provide further incentives for developers….
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