Home builders in Canada have their work cut out to increase the housing supply and ease the affordability crisis, and industry participants also point to municipal-level cooperation as being critical to the solution.
Home builders’ confidence is growing despite supply chain and labour challenges, according to the first-quarter release of the Canadian Home Builders’ Association (CHBA) Housing Market Index on April 27.
While 80 percent of builders expect to have as many housing starts as they did in 2021—a positive sign in addressing housing shortages—the rest point to permit and approval delays as a roadblock (68 percent) along with lack of land availability (61 percent), according to the CHBA.
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