CMHC Sounds the Alarm: Without Immediate Action, Canada’s Housing Affordability Will Worsen Over the Next Decade
By Benestone Media
Canada Mortgage and Housing Corporation (CMHC) – June 19, 2025 Report
In its latest housing report released on June 19, 2025, CMHC warns the nation that unless housing construction accelerates significantly, Canada’s housing affordability crisis will deepen in the coming decade.
🔸 Toronto Housing Price Forecast: Expected to surpass $1.9 million by 2035, a 63% increase!
🔸 National Average Rent: Projected to rise from $1,400 to over $1,900/month—housing costs across the board are climbing!
🔸 Labour Shortages and Rising Material Costs: The construction industry is under severe pressure.
🔸 The Only Way Out: Encourage rebuilds and additions to improve urban land use efficiency.
Beyond increasing the quantity of new homes, CMHC also emphasizes the need to address the following structural issues:
• Significantly expanding the construction workforce
• Increasing private capital investment
• Boosting efficiency and productivity in construction
Currently, the majority of new housing in Canada still relies heavily on private developers.
Now Is the Time to Rebuild, Expand, and Upgrade Your Property
With rising land, material, labor, and financing costs, the dream of a market crash is increasingly unlikely. The best move right now? Invest in rebuilds and additions to upgrade your home and unlock long-term value.
In this environment, rebuilding and adding onto existing homes has become the most realistic path to overcome land scarcity and rapidly increasing livable space.
🏡 Benestone Construction – Toronto’s Trusted Rebuild & Custom Home Expert
At Benestone, we specialize in transforming outdated homes into beautiful, highly functional modern residences, helping you maximize the value of your land.
🔧 Why choose our rebuild/addition services?
- Fast adaptation to planning and zoning requirements
- Expert team with in-depth knowledge of Toronto foundations, structures, and systems
- We help homeowners fully capitalize on the value of both land and existing buildings
📈 Why is now the “golden window” for rebuilds?
- Canada needs to double housing starts! Current pace: 250,000/year; Required: 430,000–480,000/year (CMHC)
- Slow approvals + long construction timelines mean the 2030 goals are already delayed—now modeled as a “rolling 10-year horizon”
- Toronto faces a severe housing shortage, driving future price increases
- The government is expected to support modular, prefab, and customized construction
- Don’t count on a market crash—homeowners are unwilling to sell at a loss, keeping prices resilient
If you already own land or an older home in the GTA, now is the perfect moment to ask:
- What is the true potential of your lot?
- Can your next home reflect your lifestyle and values?
- How can a strategic rebuild set you apart in the years to come?
Let’s explore these answers together.
📞 Book your FREE consultation with Benestone today and secure your place in the next housing cycle.
📩 Get in touch: info@benestone.com
📞 416-706-3095
📍 Richmond Hill, Ontario | Licensed Builder & Developer
🏡 20+ years of excellence in custom homes and rebuilds
