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Why Co-ops Are the Solution to Our Housing Crisis
(thewalrus.ca)
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There are already more bedrooms in Canada than people by quite a margin, and that doesn't even take into account that most couples share a room.
It's fairly easy to do the math, stats Canada has released numbers of units by bedroom count a few times. You just do a little multiplication and realize there are 50 million bedrooms for 45 million people.
The problem is not supply, it's demand. Theoretically demand could be overcome with supply, but realistically it cannot.
The easiest way to fix this whole mess is to reduce demand. It could literally be done overnight with tax policy. It would crash a good portion of the economy, and wipe out the retirement plans of millions of people, but it would result in affordable housing immediately.