Fall 2026 Housing Supply Report

Canada's housing supply gap remains largely unchanged, with shortages in Toronto, Ottawa, Montréal, and Vancouver, while Calgary's gap has narrowed and Edmonton shows no gap. Construction is slowing faster than demand, risking long-term affordability. Rental housing dominates new supply, but weak condominium construction limits ownership options. Meeting future demand requires increased housing starts, especially ownership units, alongside infrastructure improvements to sustain affordability.