Key Points
Resale listings are picking up across Canada, returning to a kind of normalcy Construction on new houses and apartments is picking up, but not fast enough to keep up with demand based on Canada's population growth Construction timelines are long. It takes an average of 22 months to complete a construction project in Canada TD Economics estimates Canada could be short over 300,000 housing units from 2023-2025 as population growth collides with a slower pace of homebuilding after this year's healthy rate All levels of government are working on initiatives to increase the housing supply
