Despite having a record-high 650,000 construction workers in 2023, Canada’s housing production of 240,267 units fell short of the potential to build over 400,000 homes per year. Although more human and financial resources have been allocated to residential construction in recent years, housing starts have not kept pace with this investment. Achieving the Government’s Housing Plan goal of 3.87 million new homes by 2031 requires both regulatory reforms and industry consolidation to boost efficiency and productivity. The Housing Accelerator Fund represents a significant step towards achieving this goal.
https://www.cmhc-schl.gc.ca/blog/2024/what-canada-potential-capacity-housing-construction
