10/13/2026
Boosting Home Construction Can Sustain Affordability Gains, Says CMHC
As someone deeply invested in the Williams Lake real estate market, I pay close attention to trends like the recent slowdown in home construction across Canada. According to CMHC, we need between 417,000 and 469,000 new homes started each year to reach true affordability by 2036. While it’s encouraging to see rental housing growing in larger cities—helping to ease shortages—there’s a concern that a decline in ownership housing starts could create supply gaps down the road. Understanding these shifts is key for anyone looking to buy, sell, or invest locally. My focus remains on guiding clients through these evolving market conditions with expertise and insight into what’s happening both nationally and right here in Williams Lake.