Business View Magazine l October 2022

22 BUSINESS VIEW MAGAZINE VOLUME 9, ISSUE 10 the rental and homeownership market is essential not only to supporting affordability in the province, but also in ensuring that there is enough supply available to meet residents’ needs. Currently there is an investment shortage in housing. Government taxation, labour and supply chain shortages hinder investment. This needs to change in order for investment to be reignited. More and diverse supply across the housing system will enable households to better match with housing they want, while minimizing the need for them to stretch their budget to bid for living spaces in a highly priced, limited supply environment. “The solution to our housing supply problems will need to be a multi-faceted approach, which engages all levels of government and supports innovation and out of the box thinking,” says Burgess. Governments can’t achieve this increase in