Housing that meets a broad range of needs is a vital part of any community’s social well-being. Housing is also an important contributor to economic performance with each constructed house generating approximately two person years of employment (equivalent of one year's worth of work for two people or two years of work for one person). For many Canadians, homeownership is not an option, and a growing number will need access to rental accommodation. Those in need of available rentals include young people, new immigrants, and Canada’s aging population. Unfortunately, housing construction has focused on the homeownership market while ignoring growing demand and importance of the rental market.

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The Housing Market and Canada’s Economic Recovery was published by the Federation of Canadian Municipalities (FCM) in 2012.