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, says a new study by the Fraser Institute, an independent, non-partisan, Canadian public policy think-tank.
Andrea Piacquadio
“Canada faces an historic gap between population growth and the number of homes built—and Canadians are paying the price,” said Josef Filipowicz, senior fellow at the Fraser Institute and author of Canada’s Growing Housing Gap: Comparing Population Growth and Housing Completions in Canada, 1972-2022.
“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.”
From 2018 to 2022 (the latest year of available data), Canada’s population grew by 553,568 people (each year, on average) compared to an annual average of only 205,762 new homes built, said the report.
“In other words, over the last five years housing completions equalled less than 40 per cent of population growth—a stark difference from the early 1970s when population growth almost equalled housing completions. Specifically, 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,” added the Fraser Institute.
“In the most populous province, we see similar trends. During the same five-year period (2018 to 2022), Ontario’s population grew by 239,915 people (each year, on average) compared to an annual average of only 70,828 new homes built.”
Mario Toneguzzi
Mario Toneguzzi is Managing Editor of Canada’s Podcast. He has more than 40 years of experience as a daily newspaper writer, columnist, and editor. He was named in 2021 as one of the Top 10 Business Journalists in the World by PR News – the only Canadian to make the list)
About Us
Canada’s Podcast is the number one podcast in Canada for entrepreneurs and business owners. Established in 2016, the podcast network has interviewed over 600 Canadian entrepreneurs from coast-to-coast.
With hosts in each province, entrepreneurs have a local and national format to tell their stories, talk about their journey and provide inspiration for anyone starting their entrepreneurial journey and well- established founders.
The commitment to a grass roots approach has built a loyal audience on all our social channels and YouTube – 500,000+ lifetime YouTube views, 200,000 + audio downloads, 35,000 + average monthly social impressions, 10,000 + engaged social followers and 35,000 newsletter subscribers. Canada’s Podcast is proud to provide a local, national and international presence for Canadian entrepreneurs to build their brand and tell their story.
