Total annual housing starts in Canada’s six largest cities from 2000 to 2023 reveal a significant trend:
📈 A shift towards more condo apartments and fewer detached homes.
Meanwhile:
📉 Median condo sizes have decreased from 900-1000 sqft to 700-800 sqft over the last 30 years!
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Implications:
👨👩👧👦 Fewer housing options for families with children, making it challenging to raise kids in adequate spaces.
➡ Potentially contributing to a lower natural birth rate.
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