The Housing Challenge
Canada is experiencing one of the most significant housing affordability challenges in its history. According to the Canada Mortgage and Housing Corporation (CMHC), approximately 1.5 million Canadian households are currently living in core housing need, meaning their housing is unaffordable, overcrowded, or requires major repairs. In Ontario alone, more than 1.6 million households fall below at least one acceptable housing standard.
While governments, nonprofit organizations, and the private sector continue to invest in new housing, demand continues to outpace supply. Rising land and construction costs, lengthy development timelines, and increasing project complexity make it difficult to deliver housing that remains affordable over the long term. Addressing today's housing challenges will require innovative approaches that improve both the efficiency and long-term sustainability of housing development.