Quote:
Originally Posted by misher
1. Lol well we’ve done what we can to stop foreign buyers and they appear to all be taking their money to Montreal (I even see less super cars in Richmond!). So let’s stop bringing it up.
2. It’s a lot of money so if they don’t care then let them were making a ton.
3. So be it you can’t stop it? I doubt it’s a high number.
4. You can only waist so much time and energy chasing this. We did the obvious stuff and it’s clear foreign buying is way down. Let’s focus on the other problems not instead of beating a dead horse.
5. Metro Vancouver doesn’t have housing problems like Vancouver. The COV is the one with high amounts of rentals, the highest costs to develop, and the longest time to get a development permit. Everywhere else is building to avoid COV’s issues.
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The Numbers
----- 2001 -----
2001 population --------------- = 545,670 residents
2001 private dwellings -------- = 248,981 private dwellings
# of households per resident - =
0.46
----- 2011 -----
2011 population --------------- = 603,500 residents
2011 private dwellings -------- = 286,742 private dwellings
# of households per resident - =
0.48
----- 2016 -----
2016 population --------------- = 631,486 residents
2016 private dwellings -------- = 309,418 private dwellings
# of households per resident - =
0.49
so everyone says there is a supply issue yet when looking at the ratio from residents to dwellings it seems to show a different picture. that is because the # of households per resident has
increased. if it were a supply issue, the opposite would happen. (per-capita increases are a good thing). also, since the average wage has not gone up all that much, yet the price of housing has skyrocketed, how are people affording these places? clearly someone is buying. but who? since very few can afford it, and there is more than enough supply.
and yes, those are just CoV numbers.
StatsCan
CoV Housing Fact Sheet
MetroVan Population & Dwelling Counts(shows City breakdowns)
the numbers just don't scream to me that is a supply issue... maybe they do to you... but they don't to me.
but this is the end of the argument for me.