Canada’s Housing Crossroads: Affordability, Immigration, and the New Urban Reality
Canada’s housing market, once seen as a global model of stability, is now a case study in affordability gone awry. With home prices more than doubling in major cities over the past decade and record immigration driving population growth, the country faces an unprecedented housing shortage.
The average Canadian home now costs over C$730,000, while renters in Toronto and Vancouver are paying record highs. The federal government’s plan to build 3.9 million new homes by 2031 aims to close the gap, but supply, labor, and zoning challenges persist.
This Entrepreneurs Cirque analysis explores how population growth, policy bottlenecks, and speculative investment have combined to reshape Canada’s housing landscape and what it will take to restore balance in one of the world’s most competitive property markets.