I happen to have it in front of me. Statistics Canada reported that in 2021 there were 222,670 houses completed in Canada. It actually went down in 2022 to 219,942. Now, CMHC said about a year ago that to deal with the housing crisis we have to build 3.1 million homes in Canada over and above what we normally do, and just a few weeks ago the Prime Minister announced that the government plans to build 3.9 million homes between 2024 and 2031, which is roughly seven years. That would mean the home building industry in Canada would have to build 550,000 homes every year. Do you think that's realistic?
On May 30th, 2024. See this statement in context.