Comment: Before we look for housing solutions, check the math

How come it is always we need more supply via density, missing middle, sprawl and what-have-you, but never a timeline for when the problem is fixed?

A commentary by an independent researcher interested in housing supply and demand, and the smart growth of sustainable future-ready cities. He lives in Victoria.

Early last year, the Bank of Canada found that one-fifth of all mortgages since 2014 were by investors, not counting cash or corporate purchases. Another clue. What if you approve 200 homes but can only finish 100 in a year? You are still short. Supply chases demand. The 570,000 additional homes needed in B.C. by 2030, which the CMHC identified in June, was admitted in October to be impossible because of skilled trades shortages. That’s a clue.

RBC estimates the number of new households will keep housing demand high enough to avoid a market crash. Yet more clues.

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timescolonist /  🏆 15. in CA

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