Cavan Images via Getty ImagesMONTREAL — If policymakers want to help solve Canada’s housing affordability crisis, they should start by building rental housing near colleges and universities. That’s the implication of a new study from CIBC, which estimates that Canada has a shortage of about 300,000 housing units because of the way it counts — or doesn’t count — students. As things stand, CMHC’s data shows a perfect balance between the number of new homes built and the number of new households formed in the country. Thus, developers aren’t building the housing needed to fill this demand because they simply don’t know it’s there. Tal told HuffPost Canada it’s “reasonable to assume” that urban centres with large universities would be most impacted by this.

Source: Huffington Post May 20, 2019 16:52 UTC