CMHC official: Canada needs $1 trillion to solve housing crisis

Canada requires approximately $1 trillion to address its affordable housing crisis, Vice President for Policy at the Canada Mortgage and Housing Corporation Lindsay Neely said at WUF13 in Baku.

According to Report, Lindsay Neely stated that in order to restore housing affordability in the country by 2035, Canada needs to build between 430,000 and 480,000 new housing units annually.