Canada Spends $13 Billion to Build 4,000 Homes — While CMHC Says We Need 480,000 Per Year

Canada just launched Build Canada Homes, a new federal agency with $13 billion in funding to build 4,000 modular houses.

But here’s the problem: According to the CMHC, Canada needs 430,000 to 480,000 new homes **per year** just to meet demand and restore affordability.

This plan? It’s less than 1% of what’s needed — and it's not a housing solution. It's a $13 billion bureaucracy.

SOURCES:
https://globalnews.ca/news/11424334/build-canada-homes-federal-land-carney/

https://housing-infrastructure.canada.ca/bch-mc/index-eng.html

https://ca.news.yahoo.com/pm-announces-former-toronto-councillor-212417691.html
https://www.cmhc-schl.gc.ca/professionals/housing-markets-data-and-research/housing-research/research-reports/accelerate-supply/canadas-housing-supply-shortages-a-new-framework