How Canada’s short-term thinking sparked a national housing crisis

According to the Canada Mortgage and Housing Corporation (CMHC), a Crown corporation that acts as the country’s national housing agency, the supply shortage isn’t about to change any time soon. CMHC recently forecast that the total number of housing starts this year will be about 237,800, down from 245,367 in 2024. Despite all of the attention on this issue, the agency also forecasts a drop to about 227,734 next year and 220,016 in 2027.