To Solve the Housing Affordability Crisis, Think Beyond Big Cities
The report urges all levels of government to coordinate practical policies that support building up a small set of Canada’s smaller cities
By C.D. Howe Institute —— Bio and Archives--January 21, 2025
Canadian News, Opinion | Comments | Back To Full Article
January 21, 2025 – Canada cannot solve its housing affordability crisis simply by adding more homes in major centers like Toronto and Vancouver, according to a new report from the C.D. Howe Institute. Instead, the report urges policymakers to target a small set of mid-size cities and support them in becoming thriving, larger hubs which can meaningfully reduce housing costs nationwide.
In “Making Housing More Affordable in Canada: The Need for More Large Cities,” Jeremy Kronick and Paul Beaudry argue that focusing exclusively on boosting housing supply in big cities will be insufficient to improve affordability as it will be offset by increased in-migration from smaller cities. This would simply lead to more Canadians living in our expensive few big cities.
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