More housing needed to keep up with demand in Calgary: CMHC

The Canada Mortgage and Housing Corporation (CMHC) says more housing is needed across the country to keep up with the increasing population, especially in Calgary. Construction of new homes in Canada's six largest cities remained stable at near all-time high levels last year, driven by a surge of new apartments – despite demand still outpacing supply for rental housing. “There's still room to build more,” said senior analyst Adebola Omosola, with CMHC. “And the demand is