Canadian housing crisis worsens, with home prices soaring and affordability affecting 22% of families; experts recommend policy reforms and innovative solutions.

The Canadian housing crisis is worsening amidst a decrease in housing starts and soaring home prices. The Canada Mortgage and Housing Corp.'s market outlook suggests that home prices could reach peak levels by 2026, while the Royal Bank of Canada recommends prioritizing construction skills in immigrants and embracing innovative designs to tackle the crisis. The housing affordability crisis has led to 22% of Canadian families living in unaffordable housing, and experts urge significant policy reforms to boost supply and address the issue.