Economics
Canada Wants to Double Home Construction But Needs to Find Workers
- Trudeau promises billions to ease building constraints
- ‘Dollars to doughnuts this won’t happen,’ BMO’s Kavcic says
Workers on a condo building under construction in Victoria, British Columbia, Canada, on April 7.
Photographer: James MacDonald/BloombergThis article is for subscribers only.
Canada’s housing minister has a daunting target in front of him as his government tries to rein in skyrocketing housing prices: doubling the pace of housing construction in the country within 10 years.
But Ahmed Hussen, who was appointed to the job after last year’s election, says Canada doesn’t have a choice if it wants to keep expanding its economy and attracting skilled immigrants.