07/04/2026
Did you know a Stratford home sells faster today than it has, on average, over the last twenty years?
At a public meeting for the new town plan, a few people said there's no real housing shortage here, that homes just sit unsold. I wanted to see if that held up, so I dug through Stratford's home sales going back to 2005. Here's what I found.
In the mid 2000s a home took around three months to sell, and even over the twenty years since, the typical home has taken about two months. These days it's still quicker than that, 6-7 weeks, even with the market calmer than its 2021 peak. And the median sale price is now about $434,000, up from about $144,000. That is not what a town with too much housing looks like.
A vacancy rate got mentioned too, around 2.3%, offered as more proof we've built enough. But that's a low number and means the opposite. Around 3% is what's long been considered a balanced, healthy rental market, and the wider Charlottetown area, which includes Stratford, actually sits at 1.6% in CMHC's latest figures. That's a tight market with little for renters to choose from, not a loose one with rooms to spare.
I think what people are seeing when they point at all the "for sale" and "for rent" signs is real, it's just the opposite lesson. We don't have too much housing, we have too much of the wrong kind. There are plenty of expensive detached homes and high-end apartments, and very little at the attainable end. A home that sits unsold because it's priced at half a million isn't proof we've built enough, it's proof we've only built the expensive kind. And building fewer homes doesn't bring that price down, more competing supply does.
None of this is a knock at the folks who raised these issues, they're paying attention, which is what we want. But if we accept "there's no shortage" and decide to build less, we lock in exactly the problem we're worried about.
Decisions like this go to whoever speaks up, so if you want more attainable housing, tell the town before July 12th at shape.townofstratford.ca/projects/official-plan or email [email protected].