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Vancouver multi-unit under construction is about 33k units, which is 10k above the 23k Seattle had under construction in July of 2017 (the first figure I found

Vancouver multi-unit under construction is about 33k units, which is 10k above the 23k Seattle had under construction in July of 2017 (the first figure I found on google). Vancouver is seriously building wildly more units than the historical norm. https://twitter.com/YVRHousing/status/950813525403774976 https://twitter.com/YVRHousing/status/950813525403774976 At some point if this isn't working we have to stop saying well let's add even more supply" and start looking to other solutions.

b4lancesh33t 9y ago
At some point, sure. But not at the point where you're just doing 50% more than Seattle. Get back to me when your ratio of new units to immigrants is double or triple that of Seattle on a sustained basis. If the price still isn't going down then, maybe we'll have something to talk about. 50% more just isn't much of a difference.
TulliusCicero 9y ago
"Units under construction" seems like a pretty useless metric. Like, skyscrapers take way longer to build than, say, townhomes, so they'll remain in the under construction pool a lot longer. Why not use "units started" or "units finished" instead?