6248 replies to this topic

[Mike K.]

Something is very wonky there.

[dasmo]

It’s the data from CMHC 🤷🏽

[Mike K.]

CMHC is notorious for bad data, however.

The only reliable data will come with the upcoming census.

[dasmo]

From my link, click NEW HOUSING CONSTRUCTION. Then Completions then Historical Time Periods and download the data yourself.

[dasmo]

I never completed my census. Also not the last one.

[Mike K.]

Housing units still get counted by the census. We shall see what that data produces.

[dasmo]

Suppose CMHC records:

2020-2024 completions = 19,338 units

Statistics Canada might show housing stock increasing by:

+18,500 dwellings

because:

+19,338 new homes completed
- 500 demolitions
- 200 conversions/losses
= net increase of ~18,600

The two datasets are measuring slightly different things.

[LJ]

I agree with Sparky, just stop building, we don't need anymore people. If you don't like or can't afford to live in a particular area live in a different one. The governments are trying to manage us into 15 minute cities and all that will produce is too many people in too small an area, creating friction, crime and more drain on limited services.

[Mike K.]

Suppose CMHC records:
2020-2024 completions = 19,338 units
Statistics Canada might show housing stock increasing by:
+18,500 dwellings
because:
+19,338 new homes completed
- 500 demolitions
- 200 conversions/losses
= net increase of ~18,600
The two datasets are measuring slightly different things.

CMHC is notorious for bad data.

The only metric that matters is census data. We will see soon enough what the true figure is.