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. With affordability on the skids, Canadians are turning to the rental market, pushing rents higher and pricing out the lowest-income households.Article content Social housing also remains in short supply, making the country a global laggard. Of 18 Organization for Economic Co-operation and Development countries, Canada is sixth last in how much social housing it has as a percentage of its total residences. In order to meet the social housing average for the OECD and the G7, Canada would have to double its stock to about 1.3 million units.
Source: Real Estate Daily Report (realestatedailyreport.net)
This is what CMHC used to do, and during relative immigration booms in the 80s and 90s affordability remained because of it.
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