Housing Affordability Could Weaken as Construction Slows: National Housing Agency
Recent gains in housing affordability across Canada could be at risk as new-home construction slows, according to a report from the Canada Mortgage and Housing Corporation. The housing supply gap is largely unchanged year-on-year relative to 2025, but construction is expected to slow faster than demand, which would make it hard to sustain affordability improvements [...]
TL;DR
- New-home construction is slowing in Canada.
- This slowdown may jeopardize recent gains in housing affordability.
- Construction is projected to slow faster than demand.
- Achieving pre-pandemic affordability by 2036 requires significant annual housing starts.
- A housing start is defined as the commencement of construction work on a building.