Quote:
Originally Posted by bomberjet
Another factor to consider is the stagnate population growth. Without new people moving in, there's only so much the market can handle. Ie: people just moving around. The whole system built around growth and expansion really is shit.
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1 year of stagnation doesn’t compensate for the lack of housing supply from 20 years of population growth. Our housing prices still increased by 7% despite the lack of population growth.
I’ve noticed there has been just as much construction activity right now as there was last year and we broke our record for number of units built last year. There might even be more activity later this year. We also have to consider that Trudeau is pumping immigration numbers to all-time highs for the next few years and we all know this is where Winnipeg gets it growth from. So unless 15,000 people move out of Winnipeg this year growth is expected.