Royal Bank of Canada economists suggest addressing Canada’s housing crisis by prioritizing construction skills among new immigrants and adopting innovative building methods. They highlight a need for over 500,000 construction workers by 2030, advocating for changes to the Federal Skilled Trades Program and embracing prefabricated housing to improve efficiency and meet greenhouse gas emissions targets. They also propose a federal catalogue of pre-approved home designs to expedite building processes, drawing inspiration from historical rapid construction initiatives.
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