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The national housing agency projected Canada needs 417K-469K new homes yearly through 2036 to restore pre-pandemic affordability, far above current construction expectations.
Canada still faces a long-term housing supply gap of 187K-238K homes per year over the next decade, based on current projections nationally.
Construction expected to slow faster than demand, leaving Canada short of needed homes and making the current downturn a key risk to affordability goals.
The scale of the shortage means construction would need to rise dramatically from current projections, with much of today's building tied to projects already underway.
Nationally, Canada needs roughly twice as much housing construction as currently projected to improve affordability over the next decade under the current outlook.

Canada's affordability reading reached ~41% in Q2 2026 after an 11th straight quarterly improvement, helped by lower prices, lower borrowing costs, and rising incomes.
Even after ~13 ppts of improvement from the recent peak, ownership stayed difficult nationally, with housing costs still taking roughly two-fifths of avg. household income.
The measure may look somewhat better than many households feel because it uses avg. disposable income, not median income, which can overstate affordability.
A bank economist said the recent reset reflected earlier rate cuts, a ~20% national price decline from the 2022 peak, and stronger personal incomes.
Looking ahead, slow income gains and limited rate relief leave more of the adjustment to prices, making further national declines still possible.

Across BC, standing inventory totaled 6.7K homes, including 5.5K condos, and the count covered condos, townhomes, plus some multiplex units provincewide.
Among tracked BC cities, Burnaby led with 1.21K unsold homes, followed by Vancouver at 1.02K, Surrey at 798, and Coquitlam at 620.
Richmond recorded 396 units, Kelowna 372, Langley Township 276, New Westminster 224, and Delta 211, showing inventory spread well beyond BC's largest markets.
Additional BC counts included Langford 188, Esquimalt 173, the City of North Vancouver 135, Abbotsford 118, and Chilliwack 100; listed cities totaled 5.84K.
A common presale narrative blamed mainly studios and one-beds, but broader BC size and avg. price data pointed to a different story.

National Day for Truth and Reconciliation honours survivors and raises awareness about their experiences.
It's a symbol of Canada's commitment to reconciliation with Indigenous communities.
Wearing orange shirts on this day symbolizes respect for survivors and raises awareness about residential schools.
May this day inspire a future where every voice is heard, and every spirit is healed.
Together, we can create a tomorrow filled with hope and endless possibilities.

Analysts expected Canada’s avg. home prices to edge higher by end-2026, signaling gradual recovery after recent fluctuations and an extended period of relative stagnation.
Expected lower interest rates, continued population growth, and persistent housing shortages in many urban centers were cited as key supports for price gains.
An economist at a major bank said the market was showing resilience, even as affordability remained a concern for many Canadians nationwide.
Price growth was expected to vary across Canada, with larger metropolitan markets potentially seeing stronger gains while smaller markets stayed relatively stable.
Experts advised buyers and sellers to watch market trends closely and weigh longer-term factors when making decisions in Canada’s shifting housing landscape.
The national outlook stayed cautiously optimistic, with Canada’s housing market expected to keep recovering and grow at a measured pace through 2026.

We're seeing a shift in Canadian housing: buyers are taking their time, weighing options, and approaching every step with greater care. Economic factors are encouraging thoughtful planning, which means both buyers and sellers can pause, reflect, and make decisions they feel good about. As someone who values clear guidance and honest advice, I appreciate this move towards more balanced, informed choices. People are coming to the table with a deeper understanding of financing and are doing their due diligence, making every transaction more strategic and transparent. It's encouraging to see technology and AI being adopted to streamline the process further, supporting a real estate experience where integrity and professionalism truly matter.