Population and Housing

[Spokes]

I found this part interesting:  

Yet the city’s intensification level of 37 per cent this past year is expected to remain steady or decrease during the next several years, as new subdivisions are built-out in greenfield areas.

As it stands, the city’s five-year average intensification level sits at 44 per cent, much closer to the region’s target of 45 per cent. Kitchener’s 2018 growth monitoring report shows the city’s current “built-up area” land supply includes potential capacity for approximately 17,500 more dwelling units with 33,667 residents, 1.5 million square metres of non-residential floor space and 40,739 additional jobs by the year 2031.

Together with estimated greenfield area supply in outlying areas where significant plans of subdivisions are already underway, the city has room for more than 38,000 residential units and 86,000 residents, with close to 1.9 million square metres of non-residential space to help accommodate more than 50,000 new jobs.

Obviously we know that things are hot in the downtown core, but do the declining numbers signify a cooling or a heating up of suburban development?  I can't help but think it's the latter.  

I remember a couple years there was a big OMB issue over how much land Kitchener/The Region was going to release to developers.  I wonder if that being settled, we're finally seeing these projects come on line.