Image of the day: 2023-2024 housing shortfall by province
It's especially bad in Ontario
Canada needed to add 500,000 homes last year to keep up with population growth. It failed to hit even half of that. From the Missing Middle Initiative, Mike Moffatt’s new think tank at the University of Ottawa.
The estimates of housing demand are based on age-adjusted headship rates outside BC and Ontario. BC and Ontario have had housing shortages for a long time, so it’s more difficult for younger people to move out on their own and establish their own households.
Estimated housing shortage as of 2021:
Thanks for sharing. I must read up more on their method for calculating missing headship - I've been working on this for Ireland for a couple of years, using a few complementary approaches. Perhaps something like 300,000 missing homes currently.