Skip links

Interest rate hikes impact rental housing construction and supply

Canada's rental housing availability is crucial for affordability but requires a $1 trillion investment. Economic conditions have hindered private sector contributions to new rental projects, leading to fewer planned projects and worsening affordability. Developers face challenges like high construction costs and government fees. However, partnerships between institutional investors and private developers are creating affordable housing. The government has introduced legislation and policy changes to stimulate rental housing construction.

Continue to full article

Leave a comment