Lately, I've been watching the shifts in Canada’s housing market with a keen eye—especially how affordability is starting to look a bit more fragile. Slower new home construction, particularly in ownership properties, is a real concern. Current estimates show we’ll need between 417,000 and 469,000 new housing starts every year just to bring affordability back to where it was before the pandemic by 2036. Despite a recent boost in affordability from slower population growth, construction activity has pulled back even faster than demand, hinting that any rebound could quickly put us back in a supply crunch.
Most of the new supply these days is in rental housing, while ownership-oriented starts are lagging. As someone who’s always analyzing the market for my clients—whether you’re looking to buy, sell, or simply invest—I keep a sharp focus on these trends because they directly affect your long-term options and strategies. The bottom line: to maintain and improve affordability, we need to keep building homes for ownership, not just rentals. Staying ahead of these shifts is key to turning market knowledge into smart real estate decisions. Let’s keep the conversation going about how these trends might impact your goals.
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