1 week ago Carney appoints interim parliamentary budget officer for 6 months

Prime Minister Mark Carney has appointed an interim parliamentary budget officer on a six-month term after the expiration of Yves Giroux's contract.

Events

1 week ago Canada needs to build homes in record numbers for a decade to drive down prices

Canada must deliver 3.2 million net new housing units by 2035 to close the country's supply gap, according to a new updated analysis by the Government of Canada's Parliamentary Budget Officer (PBO).That works out to about 290,000 net new homes per year — a pace the country has never sustained. Net new takes into account the homes that have been demolished to make way for new additional homes.The report comes as household formation surges and then slows. After hitting a record 482,000 new households in 2024, the PBO projects a sharp decline in 2025 and 2026 due to recent federal policies curbing immigration. Household formation is expected to remain well below the historical average of 176,000 per year until 2030.On the construction side, the PBO expects a short-term boost, with completions averaging 256,000 units annually over the next three years. But beyond that, housing starts are forecast to fall back to historical norms, with about 2.5 million new units delivered ...

Economics

1 week ago PM Carney appoints interim parliamentary budget officer as Giroux’s term ends

OTTAWA — Prime Minister Mark Carney has appointed Jason Jacques to a six-month term as the interim parliamentary budget officer. Jacques is a director general at the office and replaces Yves Giroux, whose term heading up Parliament’s budgetary watchdog office expires today. Giroux said he didn’t know who his successor would be as the end […]

Events

2 w. ago Yves Giroux's tenure as PBO set to end with no named replacement

A permanent replacement of the budget watchdog must be approved by Parliament.

Other

2 w. ago Parliamentary Budget Officer says Canada not expected to meet housing target in the next decade

Canada needs 3.2 million homes, 700,000 less than what is currently projected to be built, and what is needed, analysis says

Events

2 w. ago Canada not expected to meet housing target in the next decade, Parliamentary Budget Officer says

Canada needs 3.2 million homes, 700,000 less than what is currently projected to be built, and what is needed, analysis says

Events

2 w. ago Parliamentary Budget Officer says 3.2 million new homes needed to close housing gap

OTTAWA — The Parliamentary Budget Officer estimates Canada needs to build 3.2 million new homes in the next decade to close the housing gap but isn’t currently on track to do that. The latest PBO report estimates the number of new home builds will be higher over the next three years but will gradually return […]

Economics

3 w. ago TERRAZZANO: Carney should listen to Canadians and cut bureaucracy

Canadians know the federal bureaucracy costs too much and delivers too little.    The federal government has added 99,000 bureaucrats since 2016.    And it’s not just the number of bureaucrats that ballooned; the cost did too.    The bureaucracy cost taxpayers $40.2 billion in 2016, according to the parliamentary budget officer (PBO). The bureaucracy cost taxpayers $71.2 billion last year. That […]

Transport