A University of Toronto housing professor and his team have analyzed Stats Canada housing numbers over more than 50 years and charted the change in stand-alone home ownership in a graph.
The line depicting detached or semi-detached ownership in Vancouver drops sharply from 1961 to 2016, going from 80 per cent to around 30 per cent.
“Quite an astounding chart to see,” says David Hulchanski.
But he says although it may seem alarming, it’s actually not.
“It’s a fact. The metropolitan area is different from the rest of Canada’s big and medium sized cities mainly because of mountains on one side, water on one side and the American border on the other you just can’t sprawl.”
Hulchanski says the balance between detached homes and condos has shifted in other cities as well but in a much more marginal way.