Canada’s housing policy is failing citizens and newcomers alike
By comparison, from 2013 to 2022, Canada’s population grew by 427,439 people annually on average yet only 196,872 housing units were completed annually on average. Put differently, during the 1970s, roughly four housing units were constructed for every five new people in Canada, compared to slightly less than one housing unit constructed for every two new people in recent times.These dual trends spell trouble for many Canadians, especially those already struggling to find affordable housing.
below 2 per cent, which places them in the same league as Toronto, Vancouver and Victoria. And when vacancy rates fall, rents rise.
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