* A new study from Statistics Canada linked a lagging construction industry to housing affordability issues across the country.
* Increasing the efficiency of construction, “is the long term key to improving housing affordability,” said Aled ab Lorwerth, CMHC deputy chief economist and a co-author of the report.
* “It’s not going to be a quick process,” said ab Lorwerth. “It’s going to take years of consistent building of more housing … The scale of the challenge we’re facing is enormous, particularly in our large cities.”
* **“It is estimated that Canada requires a massive increase in housing starts to meet demand and improve affordability by 2035,**” the study said, citing the CMHC.
* StatCan added that Canada’s construction industry has been lagging behind other sectors in productivity growth for 20 years. The study suggested that the slow growth in construction “may have contributed to reduced housing affordability and rising prices.”
KermitsBusiness on
Yeah, it isn’t because we don’t have people who can build houses, it is because people can’t afford to buy the houses they want to build.
I could find someone tomorrow to build me a house, I can’t afford that.
I had to buy an old house and maybe someday i will have the equity for the former.
Soladification on
No shit
Abyssus88 on
Its almost like more Government bureaucracy Doesn’t work!
Quick Deploy Sean Fraser!
Phonereditthrow on
Is it on purpose rubbing our faces in the lie? Guess it’s time to up wage suppression again, Oh sorry “Immigration”. Ohhh nooo why is the gap of rich to poor rising. What a mystery of the ages.
ZooberFry on
Very insightful…
Gunslinger7752 on
This should be a beaverton title…
rusinga_island on
Dude if all these “researchers” that spent their days and government dollars uncovering truisms picked up a hammer, we’d be out of this mess in like a week.
East-Compote-1975 on
One area Carney has yet to show effort on his election promises, it feels like lower priority when compared to trade issues he is tackling on but he needs to get going on this.
Where is the so called war time house building initiative?
chewwydraper on
As long as we rely on private industries to solve the housing crisis, the housing crisis will never be solved.
Far-Telephone-7432 on
“Increasing the efficiency of construction”. We see a picture of a lonely carpenter building a single detached McMansion. It will probably take him a year to finish that roof.
Remote-Combination28 on
My work has mostly switched from mostly new build construction. To repairs and upgrades to existing house. As there’s not nearly enough new constriction happening
12 Comments
**In Brief:**
* A new study from Statistics Canada linked a lagging construction industry to housing affordability issues across the country.
* Increasing the efficiency of construction, “is the long term key to improving housing affordability,” said Aled ab Lorwerth, CMHC deputy chief economist and a co-author of the report.
* “It’s not going to be a quick process,” said ab Lorwerth. “It’s going to take years of consistent building of more housing … The scale of the challenge we’re facing is enormous, particularly in our large cities.”
* **“It is estimated that Canada requires a massive increase in housing starts to meet demand and improve affordability by 2035,**” the study said, citing the CMHC.
* StatCan added that Canada’s construction industry has been lagging behind other sectors in productivity growth for 20 years. The study suggested that the slow growth in construction “may have contributed to reduced housing affordability and rising prices.”
Yeah, it isn’t because we don’t have people who can build houses, it is because people can’t afford to buy the houses they want to build.
I could find someone tomorrow to build me a house, I can’t afford that.
I had to buy an old house and maybe someday i will have the equity for the former.
No shit
Its almost like more Government bureaucracy Doesn’t work!
Quick Deploy Sean Fraser!
Is it on purpose rubbing our faces in the lie? Guess it’s time to up wage suppression again, Oh sorry “Immigration”. Ohhh nooo why is the gap of rich to poor rising. What a mystery of the ages.
Very insightful…
This should be a beaverton title…
Dude if all these “researchers” that spent their days and government dollars uncovering truisms picked up a hammer, we’d be out of this mess in like a week.
One area Carney has yet to show effort on his election promises, it feels like lower priority when compared to trade issues he is tackling on but he needs to get going on this.
Where is the so called war time house building initiative?
As long as we rely on private industries to solve the housing crisis, the housing crisis will never be solved.
“Increasing the efficiency of construction”. We see a picture of a lonely carpenter building a single detached McMansion. It will probably take him a year to finish that roof.
My work has mostly switched from mostly new build construction. To repairs and upgrades to existing house. As there’s not nearly enough new constriction happening