4 ms·
Supply doesn't meet demand. Just look at the units built vs. population growth, as the article mentions. We're experiencing the same thing in Canada. While t
by retrac 7y ago
Supply doesn't meet demand. Just look at the units built vs. population growth, as the article mentions.
We're experiencing the same thing in Canada. While the numbers show a steady increase in housing starts in Toronto and construction superficially looks healthy, the number of units barely matches population growth, and that's with the recent uptick in construction, after a long period of insufficiency. Unsurprisingly, rental and housing costs are insane here.
And when it comes to detached housing, supply is finite. A continually growing population and the suburban dream for all are not really compatible in the long run.