Canada’s new self-storage supply is projected to double year-over-year in 2026, according to a new report from Avison Young.

The finding reflects a strong correlation with population growth.

A sharp increase in supply was first observed between 2021 and 2024. Avison Young said the high volume of projects currently under construction for 2025 and 2026 indicates the market is responding to several years of rapid population gains.

Multiple demographic trends are fuelling demand, the report noted. These include increased downsizing among Canada’s aging population, growing mobility among international and interprovincial migrants, and a shift toward smaller apartment units due to affordability constraints.

Avison Young added that the federal government’s recent decision to restrict immigration could affect supply and demand dynamics going forward. However, the firm said continued downsizing, smaller unit sizes, and workforce mobility are expected to support sustained long-term growth in the sector.

Pictured: Ontario self-storage property.

Photo: Realtor.ca