Category: housing shortage canada

1 in 4 Neighbourhoods Saw Housing Units Decline During Acute Housing Shortage

July 3, 2023
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While many cities across the country struggled with acute housing shortages, more than one in four of Canada’s urban neighbourhoods declined, according to a new study. “Making Room for Growth, Housing Intensification in Canada’s Cities,” published by the Fraser Institute on June 8, said despite policymakers knowing there is a lack of new housing, some…

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New Residential Home Construction Costs Soared by 51 Percent Since COVID: Bank Report

June 29, 2023
Affordable HousingCanadahousinghousing shortage canadaWorld
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The cost to build a new residential home has skyrocketed 51 percent since the start of COVID, causing higher prices during what is already a severe housing crisis, according to a new report by the Royal Bank of Canada (RBC). The June 27 report by RBC economists Robert Hogue and Rachel Battaglia said the increase…

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New Residential Home Construction Costs Soared by 51 Percent Since COVID: RBC Report

June 29, 2023
Affordable HousingCanadahousinghousing shortage canadaWorld
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The cost to build a new residential home has skyrocketed 51 percent since the start of the COVID-19 pandemic, causing higher prices during what is already a severe housing crisis, according to a new report by the Royal Bank of Canada (RBC). The June 27 report by RBC economists Robert Hogue and Rachel Battaglia said…

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