Canada Housing Body Says It Will Take C$1 Trillion to Meet Goals

It will cost C$1 trillion ($729 billion) to build enough homes to ease Canada’s housing affordability crisis by the end of the decade, the country’s national housing agency said.

The scale will require massive investment from the private sector, which Canada Housing & Mortgage Corporation will push for in coming months, Aled ab Iorwerth, its deputy chief economist, said in a blog post Tuesday.

The high cost to rent or buy a place to live has become a top political issue in Canada, as a population surge, fueled by immigration, puts further strains on a housing market that has ...