AI news brief
Canada’s housing supply gap narrowly improves, but pace of construction could slow, CMHC says
Globe and Mail - Business - 2026-09-10
AI Summary
Canada's housing supply gap has slightly improved, but the country still requires up to 4.7 million new homes by 2036 to regain pre-pandemic affordability. While overall housing costs have decreased, the pace of new home construction is projected to slow, particularly in the ownership market. The housing supply gap has narrowed in Toronto and Calgary, remained stable in Vancouver, and widened in Montreal and Ottawa.
Key takeaways
- Nearly 4.7 million new homes needed by 2036.
- Annual construction needs range from 417,000 to 469,000 units.
- New construction pace is expected to slow.
What this could mean for homebuyers
Mortgage news can affect fixed rates, variable-rate expectations, affordability, and buyer timing. Use this article as context, then compare today's rates or ask the AI Mortgage Advisor how it applies to your situation.