The Globe and Mail reports in its Monday edition that the housing affordability crisis will hit even more alarming levels in the coming years without a bold set of policy reforms to boost supply, RBC says in a report. The Globe's Matt Lundy writes that the country needs to complete 320,000 housing units annually from now until 2030 simply to meet the new demand that will arise over that period, according to RBC. This would amount to an increase of nearly 50 per cent from recent completion levels -- and it would require a record pace of construction. If anything, Canada is moving in the wrong direction, with lower construction starts in 2023 than in 2021. The RBC report outlines dozens of potential ways to mitigate the housing shortage -- everything from speeding up project approvals to encouraging more people to enter the skilled trades. In some cases, governments are already moving to implement the solutions that are mentioned. However, the RBC report says more action is needed and soon, especially when it comes to bulking up the stock of affordable units through rentals and social housing. Once relegated to a handful of pricey cities, the housing crisis has boiled over in recent years and spread throughout Canada.