Quote:
Originally Posted by CliffFletcher
South Korea (and Japan) has historically had very high build rates because their housing is built to last only about 30 years and then be torn down and rebuilt.
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I think that stat might account for that already (i.e. it's the % added to the housing stock). Looking at South Korea's total housing units over a slightly different 20-year period (1995-2015), and the numbers are basically the same (a little over 2.5% increase to housing supply per year). But obviously South Korea has a weird demographic makeup, so they're not the best comparison to Canada.