Here's a question: does 394 housing starts in Q1 put us on track to meet the 2000+ new units/year the Province's housing strategy says we need to keep pace with population growth? #peipoli cbc.ca/news/canada/pr…
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@HoodHaikus Clearly not, and (spoiler alert) private projects in the pipeline are not proceeding because interest rates are too high to make the numbers work for the required debt service ratios. Any building you see going up today was in design and planning two years ago. That ends soon.
@HoodHaikus Math says we'd need the next three quarters to show about 200 more starts each quarter than last year, roughly 60% higher