Regulations, ‘Fragmented’ Construction Sector Holding Back Housing Starts: CMHC

Published on May 16, 2024

A study by Canada’s national housing agency says housing starts aren’t keeping pace with available residential construction resources due to restrictive regulations and a “highly fragmented” industry. In an analysis published on May 16, Mathieu Laberge, Canada Mortgage and Housing Corp. senior vice-president of housing economics and insights, said Canada has the potential to build more than 400,000 homes per year—around two-thirds higher than the 240,267 housing starts last year. That’s based on a calculation of housing start potential for 2023 had it reflected the level of construction labour productivity of the early 2000s. It also reflects a scenario where the national rate of housing starts equalled that of the most productive major cities—Calgary, Edmonton and Vancouver....

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