HomeBusinessDetached homes still lead Canada’s housing stock — but row homes, apartments...

Detached homes still lead Canada’s housing stock — but row homes, apartments catching up – National

The latest census data shows single-detached houses are still the most plentiful type of housing in Canada, but apartments and row houses are slowly catching up.

The figures from 2021 show the country’s 7.8 million single-detached homes made up about 53 per cent of Canada’s housing supply, down from roughly 54 per cent during the 2016 census.

Statistics Canada says the share of the country’s housing stock represented by apartments with more than five storeys increased to 10.7 per cent last year from 9.9 per cent in 2016.

Read more:

Home prices could rise 15% in 2022 despite efforts to cool market: Royal LePage

Apartments with fewer than five storeys edged up slightly to 18.3 per cent in 2021 from 18 per cent in 2016.

Story continues below advertisement

Row houses experienced a slight uptick, rising from 6.3 per cent of the housing supply in 2016 to 6.5 per cent last year.


Click to play video: 'No ‘silver bullet’ when it comes to fixing Canada’s housing crisis, Freeland says'







No ‘silver bullet’ when it comes to fixing Canada’s housing crisis, Freeland says


No ‘silver bullet’ when it comes to fixing Canada’s housing crisis, Freeland says – Apr 13, 2022

Statistics Canada senior analyst Jeff Randle says apartments and other housing types are likely seeing more growth than single-detached homes because space is at a premium in many regions and housing prices are soaring beyond many people’s budgets.

© 2022 The Canadian Press

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

New updates