Quote:
Originally Posted by jc_yyc_ca
Housing starts don't always align with population growth in a short period like one year, but over a longer term they usual do.
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It is pretty standard to think of population growth as driving housing starts but it to some degree it must be the other way around in Canada too. The markets that can maintain high housing starts will tend to stay affordable and attract more growth. That's true in the Prairie cities and in Moncton.
I'm surprised how much overall growth there was in different CMAs/CAs and how the impact of nonpermanent migrants leaving is so disparate. The Toronto CMA alone accounts for a significant portion of the slow-down in the national population growth rate.
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