Estimating how much housing Canada will need by 2030

by | Sep 13, 2023 | News

  • CMHC maintain 2022 projection that Canada needs about 3.5 million additional housing units by 2030 to restore affordability.
  • CMHC expect housing demand to vary across the country due to evolving economic and demographic conditions.
  • Most of Canada’s housing supply gaps are in Ontario and British Columbia. Quebec and Alberta are also projected to need more supply because of economic growth.
  • smaller overall housing stock in 2030 is projected from what CMHC reported last year. The main reason for this decline is the current shortfall in housing construction.

Source: CMHC

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