HomeWealth ManagementHousing crisis: Canada's top economic threat

Housing crisis: Canada’s top economic threat


The housing crisis’s impact on businesses and their ability to attract skilled workers has been a growing concern, as echoed by a report from the Ontario Chamber of Commerce last year.

To address this issue, nearly 90 percent of the businesses surveyed expressed a desire for increased public-private collaboration.

“How can we work bringing all stakeholders, that being governments, not-for-profit organizations and the community and the private sector together, to find solutions to develop new models to deliver housing,” Charest said, reflecting the strong call for cooperative solutions identified in the survey.

While the federal government has initiated several funding support measures for other government levels and introduced incentives like a GST rebate for rental housing construction, its direct influence over housing remains limited.

Efforts include linking federal funding to provincial and municipal strategies that could enhance housing supply.

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