On today’s show we are looking at an absolute housing crisis in Canada. For many people this translates into a crisis of pricing. But in truth, this is rapidly emerging as a crisis of availability at any cost.
Canada is a relatively small country in terms of population of 38.6M. That’s up from 37.7M in 2020.
You might be wondering, how can that be? Most mature western economies are experiencing an aging population, declining birth rates, and people are starting families later in life than ever before.
The fertility rate in Canada dropped to 1.53, the lowest on record. That’s down from an average of 1.59 for the period from 2015-2020. In 1970, Canada’s fertility rate was 2.61 and has been dropping steadily ever since.
What is fueling all that demand for housing? That’s what we are going to look at today and discuss what the data is telling us, and where the data is actually misleading.
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Host: Victor Menasce
email: [email protected]
