Canada’s housing challenge continues to demand our attention: the national housing agency estimates that to restore pre-pandemic affordability, we’ll need between 417,000 and 469,000 new homes each year through 2036. This is a significant increase over what’s currently being built. Even more concerning, there’s a projected supply gap of 187,000 to 238,000 homes annually over the next decade, with construction expected to slow down while demand remains strong. Most of today’s builds are already committed, and without a dramatic uptick in new projects, our national affordability goals could slip further out of reach. As someone who’s seen firsthand how local supply challenges impact buyers and sellers in Greater Vancouver, I know that bridging this gap takes more than just numbers—it requires coordinated action and commitment across the industry.
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