CMHC Housing Supply Report - May 2022
Canada’s housing system is complex and there are several reasons for the steep, continued price escalation. One of the main issues remains that housing supply fails to keep pace with demand.
This is a growing concern. It needs to be fully understood and addressed. As a first step, CMHC has just released the Housing Supply Report. The report examines new housing construction trends within and across Canada’s 6 largest Census Metropolitan Areas.
This is the first in a series of reports addressing housing supply.
The Housing Supply Report provides insights on new housing supply in Canada’s major cities and urban areas. The insights contained in this report will help to better understand why some markets are more affordable than others. The primary data source for this work is our Starts and Completions Survey, which collects data on monthly residential construction activity.
- An analysis of new housing construction trends within and across Canada’s 6 largest Census Metropolitan Areas (CMAs). More specifically:
- relative growth in the housing supply per capita
- intensity of development (units per structure) and building height
- diversity of new housing both per dwelling type and intended market
- spatial distribution of new housing supply
- New indicators such as units per structure and building height.
- Insights on different ways new housing supply is delivered across Canada.
CLICK HERE to download the report.