On Thursday, Sept. 10, 2026, the Canada Mortgage and Housing Corporation said the supply of affordable housing continues to fall short of national affordability targets, with the shortfall worsening in Montreal and Ottawa despite a stable picture across the country.
The agency’s latest figures indicate that while overall affordability metrics nationwide have remained steady, the number of affordable units available in the two capital cities has declined. The gap between existing stock and the levels set by federal and provincial housing strategies means that many low‑income households still lack sufficient options.
In Montreal, the disparity between needed and available affordable units has grown, according to the SCHL assessment. Ottawa shows a similar contraction in its affordable housing inventory, further limiting choices for renters. The report did not provide new construction numbers but stressed that the local downturn runs counter to the broader national stability.
SCHL officials noted that the mismatch between supply and targets could increase pressure on local markets and intensify competition for the limited affordable units. They called on municipal authorities and developers to accelerate programs that expand the affordable housing stock to meet policy goals. The corporation said it will keep tracking the situation and issue further updates as additional data become available.
Across Canada, aggregate affordability indicators have not shifted significantly over the past year, suggesting that the decline in Montreal and Ottawa is not part of a wider systemic trend. The agency pointed to a mix of limited new builds, an aging housing stock and heightened demand as contributing factors, though specific statistics were not disclosed.