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Statscan numbers

Great post @ByeByeBaby. The commute flow numbers take some digging, and rightly or wrongly that's what it all comes down to as far as CMAs in Canada. Interesting because it looks like the trend for Foothills MD is more commuting to self and less to Calgary. I'm wondering if it'll be quite a while before it's added, not that it matters much, it's mainly for bragging rights.
I find that Okotoks and High River are quite a bit longer commute times (to DT or central Calgary) than Airdrie, Cochrane and Chestermere, so I'm not surprised that there is a lower amount of commuting to Calgary. It feels like there will need to be more development around the Dewinton/Heritage Point/Artesia area, for commute flow to increase.
 
March housing starts are out. Toronto and Vancouver leading the pack as usual, with Calgary a solid third as usual. Montreal still showing low numbers.

CitySFHsemirowapartmenttotal
Toronto3524646426323494
Vancouver1176618430893456
Calgary5322001828461762
Edmonton370961925041162
Montreal722841669810
Ott/Gat1134129461707
Quebec29263491549
Halifax50210433495
Winnipeg103328194337
 
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Interesting. We are only producing half as much product as Vancouver overall which means with nearly 2/3 their population, and growing faster, we are not keeping up with what is needed...
 
Albertasaurus said:
Interesting. We are only producing half as much product as Vancouver overall which means with nearly 2/3 their population, and growing faster, we are not keeping up with what is needed...
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You really see the lag in apartments. What's going on there? IIRC there was more high rise development in this city during the oil crash of the late 2010s.
 
Very true. With several towers just about wrapped up, the only proper tower underway is 4th St Lofts along with a few midrise buildings. It's been many years since theres been so little highrise construction. I am sure part of it is the interest rates and relative affordability of smaller 6 storey wood frame projects. Hopefully some of the more bullish developers start moving on some projects this year. Thinking Cidex with Elbow River Hat and WVT, and Truman with some of their new highrises. We know for sure Cidex is starting WVT 3 this year.
 
Silence&Motion said:
You really see the lag in apartments. What's going on there? IIRC there was more high rise development in this city during the oil crash of the late 2010s.
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Prices would be my guess. In Toronto and Vancouver, SFHs and Semi-detached are unaffordable for most of the population. Rowhomes are not much more affordable. Montreal has cheaper prices but also has lower wages and are kind of in the same boat where apartments are the only option for a lot of people.
Albertasaurus said:
Interesting. We are only producing half as much product as Vancouver overall which means with nearly 2/3 their population, and growing faster, we are not keeping up with what is needed...
Click to expand...
Technically we are closer to around 55-60% their population, but yeah, was a slower rate per capita than Vancouver for March. Keep in mind, we had higher numbers than Vancouver in February and December, and for Q1 of 2024, we are not far behind them, building at a higher rate per capita.
 
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Q1 2024: On a per capita basis Calgary and Halifax are tops. Halifax even beating out Ott/Gat!

CitySFHsemirowapartmenttotal
Toronto8708410001019412148
Vancouver38018839966607627
Calgary147946671027305385
Edmonton104629248716623487
Montreal184547525022815
Ott/Gat2684024211451695
Halifax14182315401712
Quebec83741012541421
Winnipeg31368102430913
 
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Surrealplaces said:
.Technically we are closer to around 55-60% their population, but yeah, was a slower rate per capita than Vancouver for March. Keep in mind, we had higher numbers than Vancouver in February and December, and for Q1 of 2024, we are not far behind them, building at a higher rate per capita.
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Comparing units to per capita ignores that Calgary builds more SFH which have probably double the number of residents as an apartment in Vancouver. They have some ultra dense apartments that are mostly studio and 1bed, which really inflate the unit count.
 
trtcttc said:
Comparing units to per capita ignores that Calgary builds more SFH which have probably double the number of residents as an apartment in Vancouver. They have some ultra dense apartments that are mostly studio and 1bed, which really inflate the unit count.
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It would be interesting if there was a "Number of Bedrooms" built to be more comparable.
 
How to accurately account for temporary residents makes things hard. The stagnation of per capita gdp might just be a change in measurement/accuracy rather than a sign of actual stagnation.
 
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