Compared to other G7 nations, Canada has the lowest number of housing units per capita overall – this has contributed to a housing shortage, which in turn has driven up rental prices across the country. Despite policy momentum and investment in affordable housing in recent years by all levels of government, the number of Canadian households living in housing that is unaffordable or inadequate for their needs is high.
The report highlights how greater intergovernmental collaboration can help to better align policies and increase the supply of affordable rental housing for low-income Canadians in need. The report stresses that to address this affordable housing crisis, federal, provincial, and municipal levels of government must work together to accelerate and preserve housing supply.