Course correcting the housing crisis in Canada

Industry needs a predictable playing field, and Ottawa should take a more creative approach to both financing and regulation.

Housing construction in a Claridge Homes development in Ottawa’s Findlay Creek neighbourhood is pictured on Aug. 22, 2023. Despite the promise of more houses faster, housing starts overall were actually down seven per cent in 2023, and there was a shocking 25 per cent drop in construction of single-family homes, writes Sen. Pamela Wallin.The Hill Times photograph by Andrew Meade

Opinion

BY CSG SENATOR PAMELA WALLIN

January 31, 2024

As the cost of everything keeps rising and inflation edges up again, home ownership remains out of reach for many Canadians. Interest rates are holding for now, but they are still high and for those facing mortgage renewals this year, there will be some serious “payment sh...

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