“With this amount of supply being under construction and coming online to the market, it should help alleviate a lot of the tightness in the market from both the ownership side and the rental side,” he said.
Single-detached starts increased from about 5,500 in 2021 to 5,700 last year. Apartment units jumped from 6,320 units to 7,700 in 2022. Town houses and row houses increased from 1,800 to 2,200, while semi-detached grew from 1,300 to 1,500.Article content Mak said many apartment projects are closer to downtown and in the Beltline, while the smaller multi-unit and apartment projects are being built in the south, particularly in Walden and Eagle Ridge.Azin Ghaffari/PostmediaHome starts are important, but it’s just the beginning of a process that has faced a number of challenges in recent years. The length of time to complete a project has gone from six months to more than a year, with a best-case scenario of about eight months.
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