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

Source from: Global News

(Dream Tiny Homes)

Now, the high interest rates 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.

Many Canadians are struggling to afford a home, and industry experts warn the need for affordable housing is quickly outpacing possible solutions. As Mike Drolet explains, one Guelph, Ont. startup is pushing an idea that can be found right in backyards.

Indeed, affordable housing provides substantial economic, social, health, and community benefits. By addressing the needs of lower-income residents and fostering diverse, stable communities, affordable housing projects create a positive ripple effect that enhances the overall quality of life and promotes sustainable economic growth.

Offering better-designed, cost-effective in-law units can significantly contribute to these outcomes, making a meaningful difference in the lives of many people.