Although Canada’s residential real estate markets are facing a significant supply shortage, the housing stock grew at a faster pace than the total population in major cities in recent years.
A similar trend was seen in the Vancouver CMA, with the population increasing 2.1% as the housing stock jumped by 3.6%, or 28,085 properties., a data project from Statistics Canada. Toronto added 12,825 net new row houses and 8,425 net new single-detached homes; Vancouver saw the former increase by 6,245 and a net reduction in the latter of 3,680.
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