Romy Bowers on the Canadian Affordable Housing Strategy

Romy Bowers, head of CMHC, discusses the current state of the Canadian housing market, highlighting issues such as affordability, interest rates, and supply shortages. CMHC is revising its housing price forecast due to persistent inflation and interest rate hikes. The organization is focused on addressing supply-demand mismatches and supporting housing construction. Challenges include material and labor shortages, as well as local opposition. Government initiatives aim to accelerate housing supply and improve affordability, but the impact will take time.

What are the anticipated effects of the $500 housing benefit for low-income Canadians?

How does the stress test impact the housing market and mortgage lending?

What challenges are faced in increasing new home construction to meet government targets?

In what ways can innovation and productivity in the construction sector be improved?