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> Canada built 321,000 units of housing in 2021 but is in pace to have over 500,000 immigrants this year. That sounds about right? Most housing units will hous
by dukeyukey 3y ago
> Canada built 321,000 units of housing in 2021 but is in pace to have over 500,000 immigrants this year.
That sounds about right? Most housing units will house 2-3 people, and a lot will house quite a few more. Obv this excludes natural population growth, but Canada's fertility rate is lower than most of Europe, and one of the lowest in the Western world, so that's probably not a problem.
- Auracle 3y agoClearly it's not about right. If supply and demand stay the same, prices should stay the same apart from inflation.
- dukeyukey 3y agoThe pandemic warped things a bit, but Canadian house prices have been tumbling down over the last year or so. Interest rates are probably a big part of that, but the UK is raising at roughly the same rates and prices aren't falling nearly as fast.