The unprecedented surge in population growth following the pandemic exacerbated Canada’s housing shortage. However, recent changes to the federal government’s immigration policy are beginning to reverse this trend. In the past two quarters, the housing stock per 1,000 persons has risen as a result of slower population growth. To continue closing the housing gap, more supply-side policies are needed to accelerate the pace of housing construction. For more information, please see the C.D. Howe Institute’s Housing Conference Report.
