Canada on pace to build fewer — not more — homes by 2030 target: CMHC

However, if current immigration trends continue to 2030, the projected shortfall in housing units could be as high as four million homes, CMHC said.

The report has said Canada is projected to build fewer, not more, new homes by 2030. Last year, CMHC said there would be 18.58 million new housing units by 2030; this year, that projection is down to 18.19 million.

“This report again highlights the crucial role of increasing housing supply if the goal is to make housing affordable for everyone in Canada. It also demonstrates the importance of examining both economic and demographic variables given the recent changes that have been experienced in both,” Aled ab Iorwerth, deputy chief economist at CMHC, said in the report.

It said despite high immigration levels, “the number of households in the country won’t be significantly higher in 2030 than last year’s projection.” The report added that Canada’s population growth rate is set to fall after 2025, when the current immigration policy comes to an end and Canada sets new immigration targets. Currently, the federal government aims to welcome 500,000 new permanent residents to the country in 2025. |Read more https://globalnews.ca/news/9957565/canada-housing-supply-cmhc-september-report/|

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Seven in 10 Canadians worried about climate change, link it to extreme weather

A large majority of Canadians are worried about climate change and believe it is behind an increase in extreme weather a new national poll suggests.

OTTAWA — A large majority of Canadians are worried about climate change and believe it is the reason for an increase in extreme weather, a new national poll suggests.

But the Leger poll says only a small fraction of people listed climate change as the top issue facing Canada today, and many say they’re only likely to change their behaviour if that doesn’t come with a cost.

Globally, temperatures hit record highs in July, while Canadians in every province and much of the North were directly impacted by fires — if not from the blazes directly, then by the thick smoke from those fires that blanketed cities and towns thousands of kilometres away.

More than 100,000 people were forced to evacuate their homes between May and September and hundreds of homes burned, including about 200 in suburban Halifax in the spring, and almost as many in West Kelowna, B.C., in August.

Against that backdrop, 72 per cent of Canadians surveyed said they are worried or very worried about climate change and 21 per cent said they were not very worried. Only seven per cent said they weren’t worried about it at all.

Pocketbook issues heavily outweighed climate change as a top-of-mind issue for Canadians in the poll, with only seven per cent of those surveyed listing climate change as the top issue facing the country.

The largest share — 33 per cent — said inflation is the top issue, 16 per cent chose housing affordability, and eight per cent pointed to rising interest rates. |Read more https://www.cbc.ca/news/canada/toronto/ontario-climate-change-impact-assessment-1.6964662|

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