Category: canada housing shortage

Landlords’ Profit Margins Minimal, Human Resources Committee Hears

July 14, 2023
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The average profit margin for a Canadian landlord is 8 percent, the Commons human resources committee heard Thursday. Attendees at the July 13 meeting struggled to agree on the best way to expand the national housing inventory, according to Blacklock’s Reporter. John Dickie, president of the Canadian Federation of Apartment Associations, said that reality may…

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Canada’s Housing Crisis: Inevitable Crash and Economic Turmoil Predicted

June 18, 2023
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Commentary Bank of Montreal economists Doug Porter and Robert Kavcic, in an article titled “Catch-’23: Canada’s Affordability Conundrum,” go into detail about a difficult issue which has been a concern for years, especially in urban and suburban areas. There seems to be no easy way out of this situation despite the assurances of politicians. Single-family…

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Federal Housing Advocate Critical of Profit-Driven Housing Market, Calls for Regulation

May 14, 2023
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Canada’s federal housing advocate told a House of Commons committee on May 9 that the profit-driven housing market is “harming people” and should be regulated. She said that only regulations will lower prices and that the market-driven housing industry is not working well. Marie-Josée Houle, who was appointed in February 2022 to the position under the National Housing…

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Canada’s Shortage of Rental Housing Could Quadruple by 2026, Says Bank Report

March 22, 2023
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Canada is facing a shortage of rental housing that will leave the market short by 120,000 homes by 2026, according to predictions by Royal Bank of Canada (RBC). The bank said it estimated that Canada’s rental housing market is already facing a shortage of about 25,000 to 30,000 units, and said Canada would need to…

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Canada’s Shortage of Rental Housing Could Quadruple by 2026, Says RBC

March 22, 2023
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Canada is facing a shortage of rental housing that will leave the market short by 120,000 homes by 2026, according to predictions by Royal Bank of Canada (RBC). The bank said it estimated that Canada’s rental housing market is already facing a shortage of about 25,000 to 30,000 units, and said Canada would need to…

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