The graph shows the housing stock per 1,000 people, highlighting that, of late, population growth has outpaced the increase in available housing units. In 2015, there were 431 housing units per 1,000 Canadians, but by 2023, this ratio had bucked its typical year-over-year growth trend and fallen to 426. The faster rate of population growth compared to housing construction exacerbates Canada’s ongoing housing shortage.
