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Ontario startup might have backyard solution for Canada's housing crisis

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The Bank of Canada is expected to soon hike interest rates again, which will put more pressure on the many Canadians already struggling to afford a home.

Industry experts warn the need for affordable housing is quickly outpacing possible solutions, with the Canada Mortgage and Housing Corporation reporting that Canada needs to build 5.8 million new homes by 2030 to achieve housing affordability.

As Mike Drolet explains, one Guelph, Ont. startup is pushing an idea that can be built in your own backyard.

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Category
U.S. & Canada
Tags
global news, affordable housing, Canada affordable housing
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