The gap between been housing completions and population growth has widened to a 50-year high in Canada, says public policy think-tank.It’s no secret that housing completions trail well behind population growth in Canada, but there’s still some shock value when you dig into the actual numbers.
“This divergence subsides slightly in the mid-2000s, when the ratio of additional people per new housing unit fell back to 1.5 for the first time since the mid-1980s, but grew markedly from the mid-2010s onward when population growth soared without commensurate increases in housing completions,” Filipowicz goes on to say.
“These findings offer a sobering reminder of the magnitude of Canada’s housing shortage,” he says. “They also offer a gauge of the relative effectiveness of current efforts undertaken by governments — at all levels, and in all provinces — to improve the supply of housing in the face of current population growth.”Government of Canada "Actively Examining" Action On Short-Term Rentals
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