this post was submitted on 05 Apr 2024
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How many millions are we behind? With an average occupancy of 2.5, some 4M houses would house 10M population, which is the equivalent of 20 years of population growth in Canada.
4.4 million units is one estimate. I think the Bank of Montreal released similar numbers in 2021ish, but I can't find the doc.
We dramatically cut back on funding affordable housing in the 80s and 90s, so our affordable stock has been shrinking even before population growth.
That's crazy. 30 yrs of housing shortages