As someone who’s deeply invested in community and housing issues here in BC, I keep a close eye on the numbers that shape our future. The national housing agency now estimates Canada needs between 417,000 and 469,000 new homes each year through 2036 just to bring affordability back to pre-pandemic levels—numbers that far outpace what’s currently being built. In fact, we’re looking at a supply gap of 187,000 to 238,000 homes annually over the next decade if current trends continue. The reality is, construction is set to slow even as demand remains steady, which puts real pressure on affordability and access across the country. Most of today’s building is tied up in projects already underway, so bridging this gap will require a dramatic scale-up in new construction. From my perspective as a Realtor and former project manager, I see firsthand how these national trends impact local buyers and communities. Achieving the necessary pace of housing development is essential if we’re serious about creating inclusive, affordable communities for everyone.
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