Average housing price must fall to fix ‘crisis,’ federal minister says
AI Article Summary
Gregor Robertson acknowledged that Canada is currently facing a significant housing crisis. He emphasized that the federal Liberal government is actively working towards lowering housing costs and increasing the housing supply to address this issue. By implementing targeted policies, the government hopes to stabilize the housing market and make homeownership more accessible.
What This Means for Canadian Contractors
For Canadian builders, this means there may be a shift in government incentives and funding to increase the housing supply. This could lead to expedited permit processes and increased demand for prefabricated and modular construction methods, potentially impacting supply chain and labor needs. Builders should remain adaptive to policy changes affecting costs and timelines in the residential sector.
