“Demographic demand for housing in Canada is strong — and it’s getting even stronger,” write RBC economists Robert Hogue and Carrie Freestone
But there is another trend in our society that the economists say is often overlooked: the size of our households is shrinking. Since 2016, one-person households have also become more common, so much so that almost 30% of Canadians now live alone. Seniors account for some of this, but the economists say a growing number of young Canadians are also opting to live alone and start their families later.
In the five years leading up to 2021, the average household size fell by 0.02 people. Even this small decline raised the number of households by 140,000 or almost 30,000 a year.Article content
Nothing. Government has ZERO power over the situation!
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