Canada’s housing shortage is no longer a future concern—it’s already here. Despite Ottawa’s decision last October to scale back immigration targets from recent highs, population growth continues to outpace the number of homes being built.
There’s a widening gap between the number of people who need housing and the number of units actually coming online, particularly in the country’s largest cities. The data suggest affordability pressures are unlikely to ease without either a sharp rise in construction or a closer alignment between immigration levels and housing capacity.
Immigration policy in Canada is designed to make the rich richer.
