When we talk about restoring home affordability in Canada, the numbers are staggering: the national housing agency estimates we need between 417,000 and 469,000 new homes each year through 2036—nearly double what current construction projects will deliver. Yet, the reality on the ground is a persistent supply gap of 187,000 to 238,000 homes annually. As someone who has spent 18 years guiding Calgary families through every stage of the real estate journey, I see how these figures aren’t just statistics—they shape real opportunities and challenges for buyers and sellers alike. With construction expected to slow even more quickly than demand, the risk to affordability isn’t something on the horizon—it’s here now. Much of what’s being built today comes from projects already in motion, making it clear that we’d need a dramatic increase in new builds to truly close the gap. For those navigating the current market, understanding the scale of this shortage is key; it influences everything from investment potential to renovation value. It’s one more reason I keep a close eye on both the numbers and the neighborhoods—because every home matters, especially in times like these.
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