Canada is reconsidering how housing gets financed, with the federal government reviewing whether existing tools are still aligned with today’s ownership and rental markets.

The supply mix is changing, as owner-occupied housing starts have declined while rental construction has become an increasingly important part of new housing activity.

Smaller-scale development is also getting attention, with proposed mortgage-insurance changes aimed at making three-to-eight-unit projects easier to finance.

Takeaway: Canada’s housing strategy is shifting from simply building more homes toward changing how different types of housing are financed and delivered.

For expert insights on the Burnaby real estate market, connect with Christine Jang, REALTOR® at Macdonald Realty Westmar.