Canada Still Isn’t Building Enough Homes

Experts said Canada had taken small steps forward, with affordability improving in key markets, yet overall progress still fell short of solving supply challenges.
Canada has been building ~250K homes yearly, but restoring affordability and closing the backlog required ~400K to 470K new homes each year.
Over the past decade, population growth outpaced housing production, leaving a deficit that could not be erased quickly even if construction activity accelerated.
Public frustration stayed high: ~80% of Canadians said housing was not functioning properly, and ~75% felt too few homes were being built.
Looking ahead, pent-up demand could emerge when confidence improves, and housing was expected to remain a major political issue across Canada for voters.