Private sector must lead Canada’s housing response, Carleton expert says

Canada has made progress on housing reform but still faces a significant affordability and supply crisis. Housing starts are about 250,000 annually, far below the 400,000-470,000 needed. Rapid population growth has worsened the shortage. Residential construction supports over 1.2 million jobs and $213 billion in investment. Development charges, which can add up to 16% of new home costs, are a major barrier. Reducing fees and approval delays could boost housing supply.