Quote:
Originally Posted by eternallyme
If 113,000 new households (at an average of 3 people per household) are added, that will require about 38,000 new housing starts. Even at a 50% non-greenfield rate (aggressive urbanization), it will require about 9,000 acres for additional residential development - or about 3,500 hectares (whether already approved or additional).
An artificial cap would be an allowance of less land, or a boundary freeze. That would just shift the development elsewhere.
|
The household projection comes from the population projection. You've confused the 113,000 households figure as population.
113,000 households = 113,000 housing starts. 113,000 housing starts will not all be singles. The projected singles and semis starts will be less than half of this amount, let's say 45% or 50,000 units for a high estimate (much higher than the decling single shares across the country). At 25 units per hectare just under 2000 ha are required to accommodate this demand. The supply of vacant urban land exceeded 2000 ha at the end of 2011
that did not include the 1100 ha added by the OMB. Unless some major event happens that increases the singles share of total housing starts dramatically (dare I say "dramastically") there appears to be more than enough urban area for singles to 2031.
I understand what an artificial cap is, I asked though b/c your post suggested that
there will be an articifial cap? What is the nature of this suggested artificial cap or am I reading your post wrong?