March 24, 2025 · View original
This is an important chart taken from this recent article by Steve Lafleur talking about the need for Canada to “bulk up.” What it obviously shows is that housing completions and population growth have generally been diverging in Canada since the 1970s.
Back then, we were building about 200,000 homes a year and, today, we’re building slightly under that. Of course, our population has also grown dramatically during this time period, as has the number of people who move to Canada each year. The result is that the Canada Mortgage Housing Corporation estimates that we’ll have a housing shortage of Matt Wang on Unsplash