If we're not building the houses, then we're not going to get to the affordability, because it effectively is a supply and demand kind of a situation.
If your goal is to build half a million houses—you've identified that's how many need to be built every single year—and we're only getting to half of that target, then there is half of that supply. That's a quarter of a million homes that people could be living in that they aren't living in. This means the problem just gets worse every single year.
I appreciate the conversations around modular housing and some of that as a solution in Nunavut, but that doesn't really deal with a majority of the people who are currently dealing with homelessness. This isn't dealing with the majority of people who can't afford to buy their starter home.
It also really doesn't do anything to address one of the biggest issues in housing, which is the amount of time it takes to get permitting. In most of our major centres, it's $90,000 or $110,000 per housing unit just to get the permitting all the way through when building a house. If we could reduce that, we could make houses more affordable without having to skip any important steps. Why isn't Build Canada Homes focusing on something like that?
