double Canada’s rate of residential construction housing over the next decade to nearly 500,000 new homes per year.

So it sounds like the goal is 500k houses a year at the end of a decade. I assume that means 230k-ish this year, slowly ramping to 500k in 2035. It only needs to be an extra 27k/year to make that goal.

CMHC says we need ~3.5 million houses by 2030 to get housing costs back to reasonable levels. I really want this proposal to be good, but it doesn’t seem like it will be enough.

Is it better than nothing? That depends on who controls the final prices, and how much gets built.

Do you know if the CMHC analysis considers decreasing the housing costs by increasing supply till the market is forced to decrease prices, or whether it’s considering public intervention like building low cost housing and selling it at cost?