Policymakers in Canada have dedicated immense time and energy trying to untangle the root causes that make home ownership cost prohibitive for many aspiring first-time buyers. Government officials have looked at diverse reforms — fiscal and monetary policy, immigration levels, red tape reduction and more — through the lens of housing and construction.
It’s clear that increasing supply is desperately needed. While the housing crisis requires addressing both supply and demand, the good news is there are multiple mechanisms to help boost supply, including expanding capacity in materials manufacturing.