Overview

• The Canada Mortgage and Housing Corporation recommends sustaining 12,540 residential construction starts annually for 10 years to restore pre-pandemic affordability
• Projections for 2025 show about 5,450 new housing starts, barely half the pace needed to stabilize prices
• Population growth in Nova Scotia over the past five years has outstripped housing development, widening the regional supply gap
• A Halifax panel convened earlier this year to discuss ways to expand the province’s affordable housing stock
• LeBlanc has called for regulatory reforms alongside joint federal-provincial-municipal initiatives as essential to scaling up homebuilding