19Negative
Serious
Neutral
Optimistic
Positive
- Total News Sources
- 1
- Left
- 0
- Center
- 0
- Right
- 1
- Unrated
- 0
- Last Updated
- 9 days ago
- Bias Distribution
- 100% Right
The federal government's Canada Housing Plan aims to create 3.87 million new homes by 2031; however, a recent report indicates that labor shortages, regulatory hurdles, and rising costs may hinder this goal. A significant portion of these homes (1.87 million) is expected to be built regardless of the plan, with an anticipated additional 70,000 starts by 2028. Nevertheless, this still falls short of the estimated need for 5.8 million new homes to restore affordability by 2030, according to the Canada Mortgage and Housing Corporation (CMHC). Similarly, Utah's housing market faces a labor shortage that threatens growth, with a required 28,000 new homes annually and 153,000 by 2030 to meet demand. In Australia, the building industry is also struggling, citing a need for 90,000 more construction workers to meet housing targets. Overall, the common thread across these regions is the pressing need for skilled labor to achieve housing supply goals amidst increasing construction costs.
- Total News Sources
- 1
- Left
- 0
- Center
- 0
- Right
- 1
- Unrated
- 0
- Last Updated
- 9 days ago
- Bias Distribution
- 100% Right
19Negative
Serious
Neutral
Optimistic
Positive
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