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opendoor · 06-27-2022, 12:59 PM

Also, this OECD report has some good data. Some highlights:

-Canada's housing units per capita is unchanged from 2011. So if lack of supply is driving prices to the levels we see now, why didn't it then?

-we have one of the highest rates of housing stock in urban areas relative to our total, so there isn't an inordinate lack of supply in cities.

-Canada is 12th in the OECD in terms of units built relative to total housing stock, with a 1.3% increase in housing stock per year (which compares to our 0.8% increase in population). That's well above several peer countries (UK, USA, Germany, etc.) who are adding less than 1% to the housing stock per year.

06-27-2022, 12:59 PM	#489
opendoor Franchise Player Join Date: Apr 2007 Exp:	Also, this OECD report has some good data. Some highlights: -Canada's housing units per capita is unchanged from 2011. So if lack of supply is driving prices to the levels we see now, why didn't it then? -we have one of the highest rates of housing stock in urban areas relative to our total, so there isn't an inordinate lack of supply in cities. -Canada is 12th in the OECD in terms of units built relative to total housing stock, with a 1.3% increase in housing stock per year (which compares to our 0.8% increase in population). That's well above several peer countries (UK, USA, Germany, etc.) who are adding less than 1% to the housing stock per year.