Canada Set to Build 231,000 Homes Annually Toward Housing Goal

The numbers are clear: Canada needs to build between 417,000 and 469,000 new homes every year until 2036 to close the affordability gap. Yet, we're currently tracking toward just 231,000 homes a year, which means we could be facing a 2.4 million home shortfall over the next decade. As someone who works daily in neighbourhoods like Central Lonsdale, Fraserview NW, North Coquitlam, Westwood Plateau, Highgate, and Downtown Vancouver, I see firsthand how limited supply and high construction costs are impacting both buyers and sellers. With condo sales lagging and affordability slipping further out of reach, these challenges shape every conversation about finding the right home. Staying informed about the realities of our market is more important than ever.