Posted 10/10/2023, 6:54:29 PM
Canada's Housing Supply Crisis Deepens as Population Growth Outpaces Home Construction
- Canada's housing supply deficit hit a record low in Q3 as population growth surged.
- Housing starts are not keeping pace with growth in the working-age population.
- The housing shortfall is expected to persist, keeping housing costs and rents high.
- Mortgage rates will likely rise further as supply lags demand.
- Demographic growth must slow significantly to restore balance between housing supply and demand.
