Report Finds ‘Growing Mismatch’ Between Demand and Supply in Type of Housing in Canada

A for sale sign in front of a house in Oakville, Ont., west of Toronto, on Feb. 5, 2023. Richard Buchan/The Canadian Press

Canada’s housing market is not only facing the challenges of rising prices and supply shortages, but there is also a “growing mismatch” between the housing types being built and those preferred by many Canadians, according to a new report.

The report, published by the Fraser Institute on April 13, found that real estate markets Canada-wide experienced significant price increases since the onset of the COVID-19 pandemic, with home prices being 28 percent higher in February 2023 than in March 2020.