Call: 1.877.606.1166

U

3.5 Million More New Homes by 2030

Sep 15, 2023 | new homes

Content courtesy of CBC News

According to the Canada Mortgage and Housing Corporation (CMHC) Canada still needs 3.5 million more new homes by 2030

Canada’s National Housing Agency says progress is being made on building enough housing to fix the country’s affordability gap, but almost 3.5 million new units will still have to be built by the end of the decade, over and above what’s already in the works.

That was the main takeaway from a new report the Canada Mortgage and Housing Corporation published Wednesday, updating its initial assessment from June 2022.

At the time, the housing agency said the country was on track to build about 2.3 million new housing units by 2030. But it calculated that just over 5.8 million new units would be needed by that year to adequately address supply, leaving a gap of roughly 3.52 million new units.

In its update Wednesday, the agency says incremental progress has been made, narrowing the gap slightly, but Canada still needs another 3.45 million new units above and beyond what is currently planned.
The supply picture has improved somewhat in Ontario, but has worsened in other provinces like Quebec, Alberta and British Columbia, the CMHC says.

Ontario still makes up the bulk of the shortfall with a 1.48 million gap, but that’s down from the 1.85 million projected last year.

Quebec needs an estimated 860,000 units, 240,000 more than last year; B.C. needs 610,000, an increase of 50,000; and Alberta needs 130,000, compared with 20,000 projected last year.

The agency’s target is based on the affordability level in 2004, when housing costs were relatively low and the economy was stable.

In most provinces, CMHC considers housing to be affordable if it takes up about 30 per cent of income, but that target is 37 per cent in Ontario and 44 per cent in B.C.

At Westeck Windows and Doors, we manufacture bespoke fenestration products that will provide benefit to the specific needs of the project. Working with main contractors, architects, designers and clients, we recognize the requirements of each development are unique, and provide a custom solution to suit.

Westeck manufactures innovative windows for maximizing the view, ease of operation and impressive thermal performance. If you or your architect can design it, our specialty department can most likely build it.Westeck Windows and Doors now has 30+ sales professionals, across offices in BC – Vancouver, Chilliwack, Victoria, Nanaimo, Kelowna and Washington State – Kirkland and Bellingham

Search

  • Framing the Future
    At Westeck Windows, we don’t just manufacture premium windows—we collaborate on architectural expression. Throughout the Pacific Northwest and Western Canada, architects, interior designers, and custom home builders' partner with us to push the boundaries of modern fenestration.
  • Architectural Trends in Window Design
    At Westeck, we understand that windows are more than just a building feature—they shape the character, efficiency, and comfort of any space. As architectural styles continue to evolve, so does the demand for cutting-edge window design. Here’s how we are leading the way in North America with the latest trends.
  • NFRC – What higher energy performance means for your home.
    Windows, doors and skylights may appear passive, but they’re always performing. High-performance products regulate the flow of heat and light that comes in and out of your home, keeping your electricity costs low.
  • 2025 Canadian Home Builders’ Association Award Winners
    The competition once again had a record-breaking year; small and large businesses from across Canada submitted over 1000 entries. Nearly 300 volunteer industry experts evaluated entries based on project descriptions, images, and other supporting information such as floor plans included in the submission packages.
  • B.C.’s Building Electrification Sector Needs
    British Columbia has long been considered a leader in building efficiency and decarbonization policy through the development of the B.C. Energy Step Code and more recently with the Zero Carbon Step Code. B.C.’s building code has served as an example for other jurisdictions looking to improve building quality while lowering emissions. But we have found through a recent industry survey and targeted interviews that this leadership hasn’t fully extended to existing buildings.
  • Unlocking a clean energy future starts at the local level
    As we envision a clean, affordable and equitable energy future, we need to look beyond traditional centralized solutions and large-scale energy infrastructure projects like big power plants situated far from where the energy is used.
  • CHBA Fraser Valley Housing Awards of Excellence
    The 9th Annual CHBA Fraser Valley Housing Awards of Excellence is on April 26, 2025! Come in your best Gatsby/1920's style clothing and join in the fun!
  • HAVAN FINALISTS
    Winners of the HAVAN Awards for Housing Excellence will be announced at the Gala on Saturday, April 12, 2025, at The Westin Bayshore, Vancouver.
  • Why Choose Westeck for your Windows, Doors, and Patio Doors.
    For more than 25 years, Westeck has been delivering products that combine innovative design, durability, and style, making them a top choice for homeowners and builders alike. Let’s explore why Westeck's products stand out and how they can transform your living space.
  • Brightening Up New Modern Homes with Westeck Windows
    Windows have the power to transform a home, but not all windows are created equal. When it comes to blending style, functionality, and quality, Westeck Windows stands out.