4 ms·

Canada has been building housing at a much higher rate than the US in the last 2 decades. Not enough, but more.

jeffbee 1y ago
Hrmm. What data source can I see to demonstrate this? I looked at a chart I have referenced before that shows nationwide USA housing starts over the last 20 years ranging from 2 to 8 per 1000 people. Then I searched for one for Canada and found one suggesting 1-2 per 1000 since 2005. And, evidently, the situation in Canada as developed/deteriorated to the extent there's a whole subreddit for the canadian housing crisis?
- bryanlarsen 1y ago
  Looks to be averaging around 250,000 per year over the last decade. That'd be over 12 per 1000. https://tradingeconomics.com/canada/housing-starts https://tradingeconomics.com/canada/housing-starts
  - jeffbee 1y ago
    Yes so it looks like the Reddit people are committing major chart-crimes, showing quarterly data as such, rather than annualized rates, and not mentioning it. It looks like this is a source of truth: https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=3410013501&pickMembers%5B0%5D=1.1&pickMembers%5B1%5D=4.1&cubeTimeFrame.startMonth=07&cubeTimeFrame.startYear=2005&cubeTimeFrame.endMonth=07&cubeTimeFrame.endYear=2025&referencePeriods=20050701%2C20250701 https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=341001...
    - mh- 1y ago
      I have watched reddit become useless for any kind of nuanced debate over the last 5 years. It's rather sad to me, because once upon a time I learned a lot about others views - especially ones I disagree with. Even HN is much less welcoming of the "I think I agree with you, but walk me through your thinking" replies than it used to be. I presume this is reflective of a few broader societal trends, and it's.. not good.
daedrdev 1y ago
They have been underbuilding compared to their population trends as we see their prices continue to skyrocket
- bryanlarsen 1y ago
  Down substantially from the peak in 2022. And that's nominal prices. Adjusting for inflation will show that real prices are lower now than they were in 2017. https://tradingeconomics.com/canada/average-house-prices https://tradingeconomics.com/canada/average-house-prices

Hrmm. What data source can I see to demonstrate this? I looked at a chart I have referenced before that shows nationwide USA housing starts over the last 20 years ranging from 2 to 8 per 1000 people. Then I searched for one for Canada and found one suggesting 1-2 per 1000 since 2005. And, evidently, the situation in Canada as developed/deteriorated to the extent there's a whole subreddit for the canadian housing crisis?

bryanlarsen 1y ago
Looks to be averaging around 250,000 per year over the last decade. That'd be over 12 per 1000. https://tradingeconomics.com/canada/housing-starts https://tradingeconomics.com/canada/housing-starts
- jeffbee 1y ago
  Yes so it looks like the Reddit people are committing major chart-crimes, showing quarterly data as such, rather than annualized rates, and not mentioning it. It looks like this is a source of truth: https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=3410013501&pickMembers%5B0%5D=1.1&pickMembers%5B1%5D=4.1&cubeTimeFrame.startMonth=07&cubeTimeFrame.startYear=2005&cubeTimeFrame.endMonth=07&cubeTimeFrame.endYear=2025&referencePeriods=20050701%2C20250701 https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=341001...
  - mh- 1y ago
    I have watched reddit become useless for any kind of nuanced debate over the last 5 years. It's rather sad to me, because once upon a time I learned a lot about others views - especially ones I disagree with. Even HN is much less welcoming of the "I think I agree with you, but walk me through your thinking" replies than it used to be. I presume this is reflective of a few broader societal trends, and it's.. not good.

daedrdev 1y ago

They have been underbuilding compared to their population trends as we see their prices continue to skyrocket

bryanlarsen 1y ago
Down substantially from the peak in 2022. And that's nominal prices. Adjusting for inflation will show that real prices are lower now than they were in 2017. https://tradingeconomics.com/canada/average-house-prices https://tradingeconomics.com/canada/average-house-prices