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Dear John,

To meet Ottawa’s ambitious new housing construction targets in order to restore affordability, the country needs more than $300 billion in additional financing – every year! – from 2025 to 2030.

To put this into perspective, this is equivalent to increasing the current Canadian savings rate by 50%.

One option to mitigate the need for a drastic increase in the domestic savings rate is to attract more foreign investment – but that will require substantial policy reforms to make Canada a more attractive environment for foreign investors.

It is very likely that these ambitious targets won’t be met, but even so, encouraging increased investment and higher domestic savings is a worthy policy pursuit.

Check out this latest study here [[link removed]] and be sure to share it with your friends and colleagues.

Sincerely,

Niels Veldhuis

President

The Fraser Institute

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