Immigration targets have risen steadily in recent years. Last year, the government released a plan to grant permanent residency to 465,000 people in 2023, a figure that would rise to 500,000 by 2025.
The immigration target for 2015 was under 300,000.
The natural increase rate in Canada is 0.1%, or around 40K people per year (source). As for housing 260K houses started construction in 2022 (source). With an average household size of 2.5 that means that new housing is roughly keeping up with new demand. Of course just because a home is built does not mean it is affordable, and just keeping up doesn’t fix the already existing lack of housing. There are goals to increase housing production to 400K a year but there isn’t really the construction workers to pull that off.
That also doesn’t take into account the number of homes which deteriorate to being no longer livable each year or the ones demolished to create more housing.
We may be adding 260K houses but it’s possible that 20k were demolished to make room for those.
Yeah that’s definitely a thing not being accounted for. Best I got is this. It only tracks demos from places with over 50K people and it also includes comercial->residential and residential->commercial re-purposing. If my quick math is right The grand total of all the data they have is only 2K so I don’t think it makes a huge difference.