“they have to pick up the pace,” hansen said, referencing the cmhc report that says the province is short 12,000 new affordable housing units each year.
“the government isn’t even meeting half of that,” hansen said. “the result is skyrocketing rent and more and more families struggling to find and keep affordable housing with no light at the end of the tunnel. this government needs to build more units that working families can live in instead of relying on developers to fix the lack of supply.”
the cmhc report projected nova scotia’s annual housing starts from 2025 to 2035 to be 5,447 but estimated 12,539 housing starts annually would be required for the province to restore affordability.
the cmhc update described affordability as what is necessary to return housing prices to being no higher than 30 per cent of average gross household income or no higher than 2019 levels in less affordable regions.
the report’s regional breakdowns showed nova scotia and ontario having the most significant housing supply gaps.
“if the government is going to get serious about tackling the housing crisis they need to act with more urgency,” hansen said.
“that starts with having a minister of housing whose entire job is tackling the lack of apartments and homes that nova scotians can actually afford. instead of making it easier to evict tenants, the government needs to protect renters by limiting the use of fixed-term leases and creating residential tenancy enforcement.”