Quote:
Originally Posted by timun
A rolling 15% increase in housing starts every year, year-after-year, is a super-high target. E.g. Calgary set a new all-time market record here with 17,306 housing starts last year. To meet the 15% target, there would cumulatively have to be 134,186 new houses built from Jan 1 this year through the end of 2027. According to the 2021 federal census the average household in Calgary was 2.6 people, but being conservative and assuming only two people per household, that means enough new housing by EOY 2027 for an additional 268,336 people, or ~19% over the 2022 population (~1.414M).
19% in five years is the kind of growth we haven't seen since the 1970s oil boom. |
Oh it's definitely not perfect, but I do think the feds and the provinces need to start putting pressure on the NIMBYs at the municipal level.