Last year we took a detailed look at Single Family teardowns in Vancouver, that is houses in RS or “Single Family” zoning that got torn down. We focused exclusively on those homes in RS zoning because these have to be replaced by another, often bigger, Single Family home. Using historical data we build a probabilistic model to predict future teardowns in Vancouver. If you haven’t taken the time yet to read through the data story, you probably should do that right now.
I keep seeing people circulate claims of the type: The Real Estate Industry makes up x% of British Columbia’s GDP, and apparently I am the last person left that doesn’t know what that actually means. So I decided it’s time for me to catch up. Yesterday I saw a chart that came with a source, a good opportunity to sit down and reproduce it to figure out what the “Real Estate Industry” is, or in this case how to measure the “Addiction to Housing Boom”.