Canada’s housing crisis has reached a tipping point. With soaring demand, a tightening labor market and escalating cost of living, our traditional approaches are simply not enough to meet the urgent need for affordable, accessible housing.
Our national rental vacancy rate has plummeted to an all-time low of 1.5%, intensifying competition for available units and driving rental prices. Meanwhile, homeownership remains out of reach for most households on typical incomes. The reality is, housing is a tough reality check and people are feeling the pinch. Affordable housing, a basic need, is still out of reach for too many Canadians.
Read more here:
https://www.forbes.com/councils/forbestechcouncil/2025/01/03/beyond-bricks-and-mortar-could-tech-be-the-breakthrough-in-housing/
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