Posted Jan 26, 2019, 12:44 AM
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Registered User
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Join Date: Aug 2013
Location: Vancouver
Posts: 3,284
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Most units being constructed in the region are not coming in the form of tall concrete towers , like Ultra. This forum may focus on towers, but that isn't the overwhelming form of new unit construction across this region.
The thing is, an estimate of 13,000 units being completed is simply not plausible. The 44,000 units under construction right now is a record. Over the last few years, when there was not a record number of new units under construction, completions surpassed 20,000. There hasn't been a year in recent memory with less than 15,000 completions.
I am going to take the CMHC data as being the best estimate of starts, completions and construction time. The numbers add up.
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