Daunting task

TheStar Mon, Apr 18, 2022 09:00am - 2 years View Original


Critical issue: A construction worker seen in a suburb north of Toronto. Canadian housing prices were already high before the pandemic and they have risen by more than 50% in the past two years. — Reuters

OTTAWA: Canada’s housing minister has a daunting target in front of him as his government tries to rein in skyrocketing housing prices: doubling the pace of housing construction in the country within 10 years.

But Ahmed Hussen, who was appointed to the job after last year’s election, says Canada doesn’t have a choice if it wants to keep expanding its economy and attracting skilled immigrants.

“The issue of housing supply is critical to our future success as a country,” Hussen said in an interview with Bloomberg.

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