Provincial goal of building 1.5 million homes will not be realized without adequate land supply
This will jeopardize the provincial objective of building 1.5 million new homes and undermine efforts to address housing supply and affordability.
- This will jeopardize the provincial objective of building 1.5 million new homes and undermine efforts to address housing supply and affordability.
- “We are already in a housing supply deficit,” said Dave Wilkes, BILD President and CEO.
- Looking forward to 2051, with even higher targets for high-density apartments, we can anticipate this shortfall to increase.
- Following the reduction of land supply by the 2023 provincial “resetting” of official plan approvals, the housing shortfall could increase to 206,800 grade-related homes (10,400 ha) plus any shortfall in apartment growth.