About the Northern Housing Report
The Northern Housing Report explores the factors driving continued housing affordability challenges and their impact on housing markets in the North.
As the Northern Territories emerge from the COVID-19 pandemic, there are signs of economic recovery in the region. Economic growth is driven by an expanding mining sector in all 3 territories.
The 2021 Census showed improvements to some parts of the housing spectrum compared to 2016, especially in the Northwest Territories and Yukon.
The North was not isolated from the trend of rising home prices in 2021. Both ownership and rental markets saw strong demand, pushing prices toward new highs. Limited development in recent years also put pressure on market housing supply.
The Territories continue to face affordability challenges and a lack of housing options across the housing continuum.
The region continues to have high costs of:
- construction
- labour
- land
This year’s report has:
- enhanced affordability measures
- information on National Housing Strategy initiatives in the Territories
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