There are about 16.3 million homes in the country. Canada Mortgage and Housing Corp. last year calculated that, for prices to moderate, 5.8 million more are needed over the next decade – that’s 3.5 million on top of the 2.3 million that would otherwise be built. Look at those numbers and wonder why the Prime Minister held a press conference for 214 homes. Look at those numbers and consider the national housing strategy’s modest impact, 107,519 homes, so far.
I don’t believe the federal government can fix the problem if the provincial governments don’t want help.
Considering the federal government is taking the brunt of the provincial government failures it’s not really surprising the provinces aren’t rushing to take action.