We assume — or at least I hope we should assume — that the development of our City is being conducted along some kind of reasonable prediction regarding growth rates, of population, say, and thereof of housing units required. After all, it would be madness just to build stuff with public funds — roads, infrastructure, amenities, etc — that wasn’t needed, right?
Growth projections for the City and the Metro Region from 2006 through 2041 are officially contained in the Vancouver Regional Context Statement (RCS) which was adopted in April 2013. For purposes of this review, the relevant estimates are found at page 9..
These estimates project a need for 97,500 new housing units for an additional 163,800 population during the period 2006-2041. We now have ten years of data to work with (2006-2015), so how are we doing? The following table shows the housing units approved in that period…
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