Brent Toderian picked up this intriguing fact here:
For the first time, the number of multifamily dwellings constructed in the state (of California) outpaced the number of single-family homes last year, with most of those multifamily units built in the big cities ….
That happened in Metro Vancouver in the 1980s – an indicator of the commitment to a more compact region, less affordable land prices and changing demographics.
That’s really surprising. I would have thought that had occurred some time ago. I suspect this is hiding large urban/rural differences, though? (i.e. the large cities may have tipped the balance years ago?)