Last year the province's population increased by 4.6 new residents per home built.
The federal government continues to roll out new programs aimed at making it easier to buy homes.
In 2022, Alberta’s population grew by 164,793 people, dwarfing the 29,837 new housing completions.
In 2022, the country's population increased by 4.7 people for every new home built.
Canada’s Growing Housing Gap: Comparing Population Growth and Housing Completions in Canada, 1972–2022
Canada could see more than 80,000 construction-related job losses.
Homeowners generally have a stronger incentive to maintain their residence than renters.
From 2016 to 2021, more than one-quarter of city neighbourhoods lost more housing units than they added.
The profit motive is precisely what leads people to build the housing in the first place.