Image of the day: new apartment construction
A relatively small share of total construction investment
There's nearly 3x more spending on single family renos than new apartment construction.
A similar image from the city of Vancouver: from 2014 to 2018, 55% of new floor area was in the form of single-family houses. Will Vancouver grow as fast as its suburbs?, Danny Oleksiuk, Sightline, August 2021.
