Seven ways to fix Canada’s housing shortage

Home ownership in Canada, particularly Ottawa, is increasingly challenging. The Federal Government has introduced 30-year mortgages for first-time buyers and a Housing Accelerator Fund. RBC proposes measures such as increasing construction workers, enhancing productivity, expediting approvals, permitting more housing density, reducing costs, and broadening housing choices. Cooperation between governments and stakeholders is essential. Repurposing offices into homes could rejuvenate downtown areas. Emphasizing sustainability and energy efficiency in construction is also vital for more accessible and affordable home ownership.