Posted Jan 12, 2017, 4:48 AM
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Registered User
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Join Date: May 2007
Location: East OV!
Posts: 24,528
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Quote:
Originally Posted by whatnext
Seriously, does anyone believe this is anything other than speculative overbuilding? I posted these stats in another forum:
Housing Starts 2015
City Metro Population Starts
Vancouver 2.5 mil 20,863
San Francisco 4.65 mil 12,766
Los Angeles 9.8 mil. 23,500
London (UK) 8.6 million 24,230
How can anyone look at those stats and think a second tier city like Vancouver really requires that much building?
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What about the rental crunch? Are you saying there's no demand for housing in Vancouver for people to live in?
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