What exactly is the scale of the housing crisis in Canada? Fortunately, most of the data is pretty straightforward to find. You can go to the Statistics Canada website, grab the housing stock table and the population by age table (click “Add/remove data” to see more years), and pretty quickly arrive at something like this:
2016 | 2024 | |
---|---|---|
Population > 18 | 29,027,447 | 32,600,713 |
Units available | 15,507,364 | 16,786,020 |
Units/person | 0.534 | 0.515 |
Units needed to get to 2016 levels | - | 630,000 |
I.e. we need 630,000 houses or apartments just to get back to 2016 levels of housing availability. A bit over half of this number comes from Ontario; repeating the math for that province gives us a shortage of 333,000 units compared to 2016.