Canada's bold plan to make housing more affordable is showing signs of working — and could be a model for the US

Wed, 07/03/2024 - 09:35

The exterior of a multiplex that is being built as multiple units, that combined together will be a condo, along Mortimer Ave. in Toronto. — The exterior of a multiplex with two townhouses and a basement suite in Toronto.
Lance McMillan/Getty Images

Canada faces a severe housing-affordability crisis, with home values doubling since 2011.
Last year, the federal government launched the Housing Accelerator Fund to boost home construction.
The fund has helped incentivize looser land-use policies and other measures to increase home supply.

Canada is facing a housing-affordability crisis even more severe than the US's housing woes. But the federal government is starting to aggressively throw its weight behind fixing the home shortage.