How Canadas Housing Supply Is Falling Short of Immigration Targets, by the Numbers

Views around Montreal in a file photo. Darryl Brooks/Shutterstock|January 15, 2026Updated:January 15, 2026AnalysisCanada’s housing shortage is no longer a future concern—it’s already here. Despite Ottawa’s decision last October to scale back immigration targets from recent highs, population growth continues to outpace the number of homes being built.