07/21/2026
For years, Ontario's housing conversation has been centred around one question:
How do we keep up with population growth?
But according to DLC's Chief Economist Dr. Sherry Cooper, that conversation has shifted.
Last week on Signature Live, Dr. Cooper explained that Ontario's biggest housing concern today isn't rapid population growth, it's the sharp decline in immigration.
As the number of temporary workers and international students has fallen, population growth has slowed dramatically, reducing demand for housing across the province. At the same time, completed but unsold new homes have reached their highest level in decades, while construction costs remain significantly higher than they were before the pandemic.
Understanding these macroeconomic shifts is essential for anyone navigating today's real estate market. Housing demand isn't driven by just interest rates or home prices it's also shaped by broader demographic trends that influence supply, demand, and future development.
These population shifts have the potential to reshape Ontario's housing market for years to come. If you're planning to buy, sell, or invest in the years ahead, these are exactly the kinds of economic trends worth paying attention to.
Connect with a Signature Agent and stay in the know and ahead of the curve.
