The Big Story Weekend listen: How do we REALLY deal with the issue of affordable housing?
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Jun 22, 2025 Jordan Thomson, Director of Infrastructure Advisory at K-P-M-G Canada, dives into the pressing issue of housing affordability. He discusses the slow progress in home construction and the barriers such as skilled labor shortages and outdated regulations. Thomson highlights how innovative technologies, including AI and robotics, are poised to enhance productivity in the construction sector. He shares insights on smart supply chains and digital tools that could revolutionize project management and address the housing crisis more effectively.
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Housing Starts Lag Behind Demand
- Canada's housing starts must nearly double to meet pre-pandemic affordability levels.
- Current construction is far below demand, highlighting a major supply gap.
Construction Productivity Stagnates
- Construction productivity in Canada has stagnated since 1997 and even declined recently.
- Despite being an ancient industry, building practices have not improved substantially in efficiency.
Trades Shortage Limits Building
- Skilled trades face shortages due to stigma and declining interest.
- Building homes uses traditional methods unchanged for decades, limiting productivity gains.