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I can't speak about other places, but the design and construction industry in Vancouver is working flat-out and has been since the slowdown in 2008-2010. My emp
by ggcdn 10y ago
I can't speak about other places, but the design and construction industry in Vancouver is working flat-out and has been since the slowdown in 2008-2010. My employer (engineering consultant) has a backlog of several months of design work. And if the developers want it sooner? Nothing they can do, because all our competitors are the same way.
And if they somehow got it sooner? Still nothing they can do, because all the supply chain is also backlogged! You need to contract with a rebar installer now if you want to start building your fancy new condo in 2019.
- Tiktaalik 10y agoThis is why the "just add more supply" argument is so flimsy. It assumes that cities aren't adding more supply, and it assumes that there are no real physical constraints to growth. The City of Vancouver raised development fees in order to hire more people to approve development faster. Some will say they're still apparently not adding supply fast enough. Maybe the rate of supply creation isn't the problem here...