Last year, builders in the province built nearly 60 per cent fewer new homes per person compared to 1973.
The country requires an estimated 5.8 million new homes to restore a semblance of affordability by 2030.
The province saw more population growth in 2021 and 2022 then in the previous 29 years combined.
The federal government continues to roll out new programs aimed at making it easier to buy homes.
Canada could see more than 80,000 construction-related job losses.
The average Canadian family paid 45.3 per cent of its income in taxes last year.
According to the province's housing task force, 1.5 million homes must be built over a decade to close the housing gap.
From 2015 to 2022, Canada’s population increased by 3.3 million compared to only 1.6 million housing completions.
From 2013 to 2022, Canada’s population grew by 427,439 people annually yet only 196,872 housing units were completed annually.
Among Canada’s largest metropolitan areas, the three with the fewest housing units per 1,000 were in Ontario.