Vancouver
(Joint with Nathan Lauster and cross-posted at HomeFreeSociology)
The spread of Coronavirus is reminding us of just how often people travel around, especially as various locations become quarantined and international travel corridors get shut down. So let’s take a look at some basic data on travel patterns here of relevance to us here in Vancouver. Then we’ll put them back in the context of Coronavirus.
TLDR: travel data is really interesting, don’t be frightened of travellers, and there’s still a lot we don’t know about coronavirus
It’s been over two years now since the news media reported on John Rose claiming that Vancouver has a surplus of housing and Rose shared his Working Paper, Version 1 detailing his claims of some mythical oversupply of housing in Vancouver.
We have written about this on several occasions, but we were missing a piece of data that can greatly simplify our arguments: Cross-tabulations of structural type by document type (whether a dwelling was occupied by usual residents, or occupied by temporarily present persons, or unoccupied) for the censuses 2001-2016.
Cities like Vancouver and Toronto talk a lot about unoccupied dwellings. We have a whole category for empty homes themed posts on this blog. Do we need one more? Probably not, except that we were able to open up an empty-homes related cross-tabulation that we needed through current work for CMHC. Yay, and big thanks to CMHC for making this available to the general public. Open data FTW!
Possibly more useful is the classification of the entire building stock by structural type that this data contains, when in the past many have used the classification of the stock occupied by usual residents as a proxy that comes with the standard release census data.
(Joint with Nathan Lauster and cross-posted at HomeFreeSociology)
More results from the new Canadian Housing Survey dropped earlier this week! And they provide new insights into why Canadians move.
Last time we only got provincial results. Now we can break down reasons for the last move by metro area and current tenure, but this time around we looking at the last move no matter when it happend, as opposed to only considering moves in the past five years as in the previous data release.
Finally the new 2019 CMHC Rms data is out. As expected, the high-level numbers are pretty bleak. For Metro Vancouver the vacancy rate inched up a tiny bit from 1.0% in October 2018 to 1.1% in October 2019. In the City of Vancouver the vacancy rate similarly crept from 0.8% in October 2018 to 1.0% in October 2019.
With the slight uptick in vacancy rate, both areas saw somewhat lower rents increases, with the (nominal) fixed-sample rent increase in the year before October 2019 clocking in at 4.
