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MPs, experts paying close attention to housing supply after very strong year of sales, despite COVID-19
By Mike Lapointe November 29, 2020
During a banner year for home sales in Canada despite the economic downturn associated with the COVID-19 pandemic, both MPs and experts are watching the country's housing supply carefully in the months and years to come.
Minster of Families, Children and Social Development Ahmed Hussen. On Nov. 22, the government announced the launch of the notice of opportunity for the Federal Housing Advocate, designed to help identify systemic housing issues facing individuals and households belonging to vulnerable groups. The Hill Times photograph by Andrew Meade
During a time in which Canada could be looking at a “photo finish” for a record year in home sales as historically low interest rates prevailed throughout the pandemic, both MPs and experts say they’re keeping a close eye on housing supply as well as early data suggesting movement away from urban centres and into more suburban areas.
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