5.8 million homes would need to be built by 2030 to restore housing affordability, but the current pace of construction puts the country on track to build 2.3 millions homes by then, says Canada Mortgage and Housing Corp.
(Bloomberg) The soaring cost of Canada’s housing has become a major political problem for Prime Minister Justin Trudeau as his chief rival zeros in on generational grievances over affordability. Most Read from BloombergFitch’s US Credit Downgrade Sparks Criticism Along With UneaseMissing Goldman Sachs Analyst Confirmed Dead by New York PolicePoland Sends Troops to Belarus Border After Airspace BreachStock Traders Fret Over a Steeper US Yield Curve: Markets WrapWhy the US Credit Rating Was Cut
Soaring housing costs could spell disastrous political consequences for Trudeau bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.