The Myth of Supply
The Myth of Supply
Dr. John Rose provides some interesting statistics relating to affordability, housing shortages and density.
Read Dr. Rose's paper here
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Page 9 – provides housing affordability change related to income and dwelling price over the period 2001 – 2016 (notice Victoria has the second highest ratio after Vancouver).
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Page 11 – indicates Victoria CMA has an oversupply of housing – 1.13 net dwellings added per net household for the period 2001-2016.
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Page 13 – provides indication of the amount of the oversupply in 5-year increments by CMA.