Quote:
Originally Posted by thefourthtower
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Given that:
- Estevan's GDP is more than double the next cloest centre ($186 vs $82 in Swift Current);
- Estevan has the highest Gross Household Income ($107,000 vs next closest... $88,000 in Regina);
- Estevan has the highest employment rate (and corresponding highest proportion of income from employment);
- Estevan has the 2nd highest average annual population growth over the past 5 years; and
- Estevan's Vacancy Rate is the lowest of all centres mentioned (0.4%)
...why are Average Annual Housing Starts in Estevan so low? (1% - lowest of the CAs & CMAs over the past 8 years).
What am I missing? I'd think supply/demand would dictate -- reallocating homebuilding resources from other centres...