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Dear John,
Canada faces an historic gap between population growth and the number of homes built — and Canadians are paying the price.
A new study published by the Fraser Institute today finds that the gap between the number of homes built in Canada and the number of additional people is the widest it’s been in 50 years.
From 2018 to 2022, Canada’s population grew by 553,568 people (each year, on average) compared to an annual average of only 205,762 new homes built.
Contrast that with fifty years ago: from 1972 to 1976, the population grew (on average) by 299,843 people per year compared to an average of 237,853 new homes built.
Until policymakers help close the gap between supply and demand, affordable housing will remain out of reach to an ever-greater share of Canada’s population.
Read the full study here, and be sure to share this one on social media!
Sincerely,
Niels Veldhuis
President
The Fraser Institute
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