It’s no secret that Canada has an issue with housing supply. Housing stock has remained critically low across the country for years, and what new homes are built have often been purchased soon after reaching the market. Our country is growing rapidly, and experts like the CMHC have indicated we will need to build almost 6 million new homes in the next 10 years to meet our growing needs.
To the casual observer the problem is easy to solve: just build more homes. For those in the real estate development field, the problem is much more complicated than this.