Total annual housing starts in 🇨🇦's 6 largest cities 2000-2023:
Trend: More condos, fewer detached homes
📉 Median condo sizes:
⬇️ From 900-1000 sqft to 700-800 sqft in the last 30 years!
Implications:
👨👩👧👦 Fewer options for families with kids!
or
👶 Harder to raise kids!…
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@HanifBayat
Will detached/semi-detached housing starts pick up with decreasing mortgage rates? And speaking of kids, the $10/day daycare has probably bigger impact on decision-making. Raising a kid in a condo for the first couple of years is fine (speaking from experience).
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