113
Opinion: It’s not that we have too many people. It’s that we have too few houses
(www.theglobeandmail.com)
this post was submitted on 13 Sep 2023
113 points (93.1% liked)
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So Canada has 38 million people and 16 million houses, about 2.4 people per house. Average household size in Canada is 2.5, so there is some slack to allow for second homes and vacancy.
Perhaps more houses are needed in the areas where people want to live, but it doesn't seem like that big of a shortage.
I wonder how many of these are vacation homes or air b&b rentals that sit idle for most of the year?
Up to 30% of Canadians are domestic speculators. Doesn't matter how much we build when people just buy it up to increase their portfolio. We need a ban on this activity or a very very heavy tax to force them to sell.
https://ca.finance.yahoo.com/news/speculators-30-homeowners-provinces-statscan-143600364.html?_guc_consent_skip=1694666705