Canada's Housing Crisis Demands Bolder Action to Boost Supply, Access, and Affordability

Canada needs to build 320,000 new housing units per year until 2030 to meet demand, a 50% increase from current levels
Housing completions fell in 2022, indicating more action is needed to boost supply
RBC outlines solutions like speeding approvals, incentivizing prefab construction, easing zoning rules
Government recognizing the crisis, taking some steps, but bolder reforms needed urgently
Crisis spreading nationwide, hitting middle class, threatening homeownership dreams, sparking tensions