* A need to build 670,000 new homes: Taking into account migration patterns, we find that Eastern Ontario’s 15 census divisions must add 670,000 new homes between 2021 and 2051. Of these 670,000 homes, 495,000 ground-oriented homes are needed, along with 175,000 apartment units. This demand encompasses projected population growth, pre-existing shortages, and the increasing number of families relocating from the GTA, searching for a high-quality of life and a three (or more) bedroom, ground-oriented home they can afford to own.
* A pre-existing shortage of 500,000 homes across Ontario: As of Census 2021, Ontario had a 500,000 shortage of homes, of which over 370,000 were ground-oriented.
* The population has been growing faster than housing inventory: The lack of ground-oriented ownership housing is due to a combination of rapid population growth, low levels of ground-oriented housing construction, and conversion of ownership housing to rentals to support the increased population of newcomers to Canada.
* Eastern Ontario’s rapid population growth: Eastern Ontario has experienced significant growth in recent years, driven by increased immigration, the influx of non-permanent residents, and families relocating from other parts of Ontario, resulting in a pressing need for more housing.
* The drive until you qualify exodus contributing to Eastern Ontario population growth: The lack of ground-oriented housing is leading to an exodus of young families out of the GTA to Eastern Ontario and other parts of the province. This trend will not only continue, it will accelerate.
* The Ministry of Finance’s (MoF) population projections are underestimating Eastern Ontario’s future population growth. The MoF’s population projections do not adequately capture migration patterns from the GTA, resulting in an overestimation of future population growth in the GTA and an underestimation in Eastern Ontario. Relying on current MoF population projections will cause future housing shortages in Eastern Ontario.
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* A need to build 670,000 new homes: Taking into account migration patterns, we find that Eastern Ontario’s 15 census divisions must add 670,000 new homes between 2021 and 2051. Of these 670,000 homes, 495,000 ground-oriented homes are needed, along with 175,000 apartment units. This demand encompasses projected population growth, pre-existing shortages, and the increasing number of families relocating from the GTA, searching for a high-quality of life and a three (or more) bedroom, ground-oriented home they can afford to own.
* A pre-existing shortage of 500,000 homes across Ontario: As of Census 2021, Ontario had a 500,000 shortage of homes, of which over 370,000 were ground-oriented.
* The population has been growing faster than housing inventory: The lack of ground-oriented ownership housing is due to a combination of rapid population growth, low levels of ground-oriented housing construction, and conversion of ownership housing to rentals to support the increased population of newcomers to Canada.
* Eastern Ontario’s rapid population growth: Eastern Ontario has experienced significant growth in recent years, driven by increased immigration, the influx of non-permanent residents, and families relocating from other parts of Ontario, resulting in a pressing need for more housing.
* The drive until you qualify exodus contributing to Eastern Ontario population growth: The lack of ground-oriented housing is leading to an exodus of young families out of the GTA to Eastern Ontario and other parts of the province. This trend will not only continue, it will accelerate.
* The Ministry of Finance’s (MoF) population projections are underestimating Eastern Ontario’s future population growth. The MoF’s population projections do not adequately capture migration patterns from the GTA, resulting in an overestimation of future population growth in the GTA and an underestimation in Eastern Ontario. Relying on current MoF population projections will cause future housing shortages in Eastern Ontario.
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