Canada’s Housing Mismatch: Many Canadians prefer ground-oriented homes, but not enough are being built
— Publié le 13, April, 2023
- Canada-wide, home prices are 28% higher since the start of the COVID-19 pandemic, despite recent declines.
- “Ground-oriented” single-family home and townhouse prices increased by 31%, compared with a 17% increase in prices for apartments over the same period.
- Despite strong demand, ground-oriented housing completions declined during the 2010s, alongside a general decline in housing completions since the 1970s.
- Not only is there a widespread shortage of housing, but there is a growing mismatch between the housing types being built and those preferred by many Canadians.
- Further research should focus on the causes and consequences of this mismatch, as well as solutions.