Canada’s housing supply gap narrowly improves, but pace of construction could slow, CMHC says

Read the original at The Globe and Mail ↗
Cite

Hudes, S. (2026, September 11). Canada’s housing supply gap narrowly improves, but pace of construction could slow, CMHC says. The Globe and Mail. https://www.theglobeandmail.com/business/article-canada-housing-supply-gap-pace-of-construction-cmhc/

Dated when The Aporia collected the article, usually within hours of publication. Check the original for its exact date and byline.

The Globe and Mail · collected 2026-09-11 · by Sammy Hudes

Quick Summary

Canada's housing agency, CMHC, estimates that between 417,000 and 469,000 new homes are needed annually over the next decade to restore pre-pandemic affordability by 2036. This is down slightly from their previous estimate of 430,000-480,000 units per year, but they warn that new home construction may slow instead of increasing as needed. According to CMHC's latest report, the housing supply gap has narrowed in Toronto and Calgary, but grown larger in Montreal and Ottawa. The agency's deputy chief economist cites slower population growth as a factor contributing to declining housing costs.
Written locally by qwen2.5:14b on 2026-09-11, using this article's own text rather than the other coverage of the same event (that is the story summary below).

AI analysis runs on qwen2.5:14b, locally

Story summary

The Canada Mortgage and Housing Corp. (CMHC) released a report saying that Canada's housing supply gap has narrowed over the past year, but still needs to be addressed. According to the report, the country requires between 417,000 and 469,000 new housing units per year across ownership and rental markets over the next decade to restore pre-pandemic affordability by 2036. This is a slight decrease from the previous estimate of 430,000 to 480,000 new units annually. Despite some recent gains in affordability, particularly in Toronto, CMHC warns that slowing home construction could put these gains at risk and lead to an even greater shortage when demand increases again.

Written for “Canadian Housing Market” on 2026-10-27, grounded in this article and the 0 other(s) covering the same event.

Story

📰 Canadian Housing Market
Economy/Business · 1 article(s) covering the same event.

Compared with similar articles

This article reads leans left and hedges 0% of its claims. Each row says how that neighbour differs.
Ottawa and Alberta pledge to build at least 1,460 affordable houses different event · 80%
The Globe and Mail
⚖️ leaning not scored 🔴 0% hedged 0 of 5 📰 publisher trust 53
“Article A describes a specific housing project and pledge from the federal government and Alberta, while Article B discusses a broader report on Canada's housing supply gap and construction needs”
How this article was measured signals, leaning charts, publisher record, byline, topics and claims

Signals How these are calculated →

Claims extracted
7
sentences that state something as happening or true
Uncertain
0%
0 of 7 hedged ("reportedly", "may", "according to")
Leaning
Leans left
of the writing, not the subject · beta estimate
Publisher signals
53/100
The Globe and Mail's corrections and hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
1
Economy/Business
Same framing elsewhere
1
articles that frame the event the way this one does
Analyzed 2026-09-11 · how these are computed

How this is being covered How these are calculated →

Article leaning vs. publisher reliability
Source leaning vs. consistency

Publisher

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Who wrote this

Sammy Hudes
11 article(s) here · 1 carrying a prediction
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2026-10-21 · mixed framing · Ontario housing market set for modest rebound in 2027: Desjardins report
🔮 The Canadian Real Estate Association has downgraded its forecast for home sales activity in 2026 for the third straight quarter.
2026-10-16 · assertive framing · CREA downgrades home sales forecast for the third time this year
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2026-10-15 · mixed framing · Competition Bureau says Quebec real estate board violated abuse of dominance rules
🔮 Based on budget forecasts, Ontario is projected to fall more than 550,000 homes short of the pace needed by 2029, according to the analysis.
2026-10-01 · assertive framing · Toronto board of trade urges Ontario to amend zoning and building code rules to spur housing growth
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2026-09-27 · assertive framing · How Nova Scotia became Canada's most expensive province for average asking rents
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2026-09-23 · assertive framing · Workforce challenges persist for Ontario's manufacturing sector: industry group
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Also by Sammy Hudes
Ontario housing market set for modest rebound in 2027: Desjardins report
2026-10-21 · Toronto Star
CREA downgrades home sales forecast for the third time this year
2026-10-16 · Toronto Star
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2026-10-16 · Toronto Star
Competition Bureau says Quebec real estate board violated abuse of dominance rules
2026-10-15 · Toronto Star
Nothing else under this byline is closely related to this article, so these are simply their most recent.
All 11 articles by Sammy Hudes →

Topics

CMHC Canada Canada Mortgage and Housing Corp. Toronto Vancouver

Subjects

Canada GPE · 3× CMHC ORG · 2× Aled ab Iorwerth PERSON · 1× Calgary GPE · 1× Canada Mortgage and Housing Corp. ORG · 1× Edmonton GPE · 1× Montreal GPE · 1× Ottawa ORG · 1× Toronto GPE · 1× Vancouver GPE · 1×

Narrative

CMHC deputy chief economist Aled ab Iorwerth says housing costs have come down overall, citing slower population growth, but the “key risk now is Canada underbuilds during this softer market and finds itself further short of housing when demand strengthens again.”
framing: assertive · carried by 1 article(s) · first seen 2026-09-11
🔮 That’s down slightly from its last estimate in July, 2025, when CMHC said the pace of home construction would need to roughly double to between 430,000 and 480,000 new units annually over the coming decade.
2026-09-11 · The Globe and Mail
Canada’s housing supply gap narrowly improves, but pace of construction could slow, CMHC says · assertive framing

Claims (7 extracted, 0 hedged)

The federal housing agency says Canada narrowly chipped away at its supply gap over the past year, but the country still needs up to nearly 4.7 million new homes over the next decade to restore prepandemic affordability by 2036. asserted
country → say → 2036
Canada Mortgage and Housing Corp. released its latest supply gap estimate report, which said between 417,000 and 469,000 new housing units are needed a year across the ownership and rental markets over the next decade to reach affordability targets. asserted
units → release → targets
That’s down slightly from its last estimate in July, 2025, when CMHC said the pace of home construction would need to roughly double to between 430,000 and 480,000 new units annually over the coming decade. asserted
pace → ’ → decade
But the agency says recent affordability gains are at risk as new home construction is instead expected to slow, especially in the home ownership market. asserted
construction → say → market
CMHC deputy chief economist Aled ab Iorwerth says housing costs have come down overall, citing slower population growth, but the “key risk now is Canada underbuilds during this softer market and finds itself further short of housing when demand strengthens again.” asserted
demand → say → housing
Since the agency’s previous estimates, it says the housing supply gap has narrowed in Toronto, remained stable in Vancouver, and grown larger in Montreal and Ottawa. asserted
gap → say → Montreal
Meanwhile, record housing construction in Calgary has narrowed its housing supply gap “significantly,” while Edmonton remains the only large market in Canada without a housing supply gap. asserted
Edmonton → narrow → gap
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