Quote:
Originally Posted by rdaner
Interesting! One question: Toronto had about 70,000 new units opening during this period. How is that captured in the guesses? Thanks!
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It's a tough one being that the majority will be apartment/condo towers and depending on how full each building became and how long it took to fill the buildings will help us guess the growth.
Just curious where the number of 70,000 new units comes from? I'm not disagreeing with the figure, but more curious. Looking at housing starts over the previous three years, it seems that around 40-50,000 new units should have come on line during that period. Of course it's hard to tell when units that started, were finished, and during which months they finished etc...
45,109 2022
47,428 2023
37,718 2024
I'm very intrigued by the upcoming numbers.