Canada’s housing shortfall could widen by another 500,000 units within just two years if immigration continues at its current pace, according to a recent report from TD Economics.
In the report, economists Beata Caranci, James Orlando and Rishi Sondhi note that Canada’s population grew by 1.2 million over the past year, as of the second quarter of 2023 — more than double the pace of population growth in 2019 and years prior.
