A new report from the Fraser Institute has highlighted the challenges facing Canada’s housing market, including rising prices and supply shortages, as well as a “growing mismatch” between the types of housing being built and those preferred by many Canadians. According to the report, real estate markets across Canada have seen significant price increases since the COVID-19 pandemic began, with home prices rising by 28% between March 2020 and February 2023. However, price increases have not been equal across all housing types, with ground-oriented homes and townhouses seeing a 31% increase and apartments rising by only 17%. The report also notes that demand for ground-oriented housing types has remained strong, with completions declining since the 2010s. Despite identifying a mismatch between supply and demand for ground-oriented housing, the report calls for further research to determine the causes and consequences of this issue. The report was co-authored by Josef Filipowicz and Steve Lafleur.