Canada could see more than 80,000 construction-related job losses.
Homeowners generally have a stronger incentive to maintain their residence than renters.
From 2016 to 2021, more than one-quarter of city neighbourhoods lost more housing units than they added.
The profit motive is precisely what leads people to build the housing in the first place.
Canada’s Housing Mismatch: Many Canadians prefer ground-oriented homes, but not enough are being built
Toronto plans to overhaul zoning and housing approvals by early this year.
Residents in unsubsidized units will pay more so residents in subsidized units pay less.
In April, the average price for a home in Canada hit $723,500.
In the Greater Toronto Area, the detached housing market is hot while the market for apartments and condos is not.