The Federal Government’s Big Hairy Audacious Goal (BHAG) to Double the Number of New Homes Built.

  1. The federal government is signalling that they recognize that we have a housing supply problem and they recognize the magnitude of the problem. This is a good thing!
  2. A simple number of units target is far too coarse to be meaningful. What gets built, and where it gets built matters a lot.
  3. There is simply no way we will hit the new federal housing target under the current policy mix from all three levels of government.
Source: Statistics Canada Table 34–10–0135–01
Sources: Statistics Canada Tables 34–10–0135–01 and 17–10–0005–01
Source: Statistics Canada Table 34–10–0135–01
Source: Author’s Calculation
Source: Author’s Calculation

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Mike Moffatt

Mike Moffatt

Senior Director, Smart Prosperity. Assistant Prof, Ivey Business School. Exhausted but happy Dad of 2 wonderful kids with autism. I used to do other stuff.