CMHC Calls for More Private-Sector Investment in Rental Housing

The Canada Mortgage and Housing Corporation (CMHC) is advocating for increased private-sector investment in the rental housing market to address Canada's housing shortage. The federal agency argues that private investment is crucial for boosting long-term supply, as high homeownership costs have made renting the primary option for many. Although there are concerns about private involvement leading to higher rents, CMHC suggests focusing on tenant protections to address these issues. The need for substantial and consistent supply is emphasized to stabilize rental prices and improve affordability.