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MNI BRIEF: Canada Housing Starts Goal Very Hard To Reach- CMHC

MNI (Ottawa)
OTTAWA (MNI)

The head of Canada's housing agency said the government's goal of doubling the pace of residential construction over the next decade will be "very difficult to do" given the shortage built up over a long time and there is currently a lack of skilled workers.

Canada Mortgage and Housing Corp. President Romy Bowers was responding to a question from MNI after its annual meeting. The country's conference board predicts that rather than climbing, housing starts will slow in the next few years as interest rates rise and homebuyers experience fatigue from a long boom that's driven up prices.


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The head of Canada's housing agency said the government's goal of doubling the pace of residential construction over the next decade will be "very difficult to do" given the shortage built up over a long time and there is currently a lack of skilled workers.

Canada Mortgage and Housing Corp. President Romy Bowers was responding to a question from MNI after its annual meeting. The country's conference board predicts that rather than climbing, housing starts will slow in the next few years as interest rates rise and homebuyers experience fatigue from a long boom that's driven up prices.