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The World Has Millions Of Vacant Homes, And 1.3 Million Are In Canada: OECD
Posted by Teri-Lynn Jones on
OCTOBER 22, 2021
The whole world is undergoing a housing shortage, but vacant homes are barely budging. The OECD‘s latest data drop shows 42 million of its 426 million homes are vacant. Yes, roughly one in ten homes in advanced economies are empty. There are literally years of housing supply being used as an alternative to gold.
Rather than pondering why it’s so attractive to have vacant homes, many countries doubled down on reasons to hoard. If we only build more homes and give the investors cheap money, there can be enough to hoard too, right? I mean, you almost tried, so partial points. Let’s take a look at how bad the issue has become.
Canada Has Over 1.3 Million Vacant Homes, About 6 Years Of Supply
Canada has one of the highest…
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