Attainable housing is in short supply

Attainable housing is in short supply

Approximately 41% of the YTD population growth in Canada this year has been in Ontario. Here’s a slide from a recent presentation by Zonda Urban:

1 2 Attainable housing is in short supply

So there’s an argument to be made that demand is still outpacing new housing supply in most of our major markets:

2 2 Attainable housing is in short supply

Why then are new home sales continuing to slide? A reasonable answer would be that — by design — this new housing isn’t attainable to most:

3 1 Attainable housing is in short supply

The result seems to be a long-term structural shift toward more rental housing:

4 1 Attainable housing is in short supply

Source: Zonda Urban