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Madison Pacific Properties Inc MDPCF


Primary Symbol: T.MPC Alternate Symbol(s):  T.MPC.C

Madison Pacific Properties Inc. is a Canada-based real estate company, which owns, develops, and operates office, industrial, commercial, and multi-family rental properties located in British Columbia, Alberta, and Ontario. The Company also has investments in joint ventures that develop residential properties. The Company’s investment portfolio comprises around 54 properties with approximately 1.9 million rentable square feet (sq. ft) of industrial and commercial space and a 50% interest in two- multi-family rental properties with a total of 94 units. It offers a range of property management services for its portfolio of investment properties, which include tenant services and relationships, building operations, lease administration, property accounting and reporting and project management services. Its development properties include a 50% interest in the Silverdale Hills Limited Partnership which owns approximately 1,400 acres of development lands in Mission, British Columbia.


TSX:MPC - Post by User

Post by undervalueon May 05, 2022 3:32pm
100 Views
Post# 34659835

BC Municipalities Stats. Housing supply.

BC Municipalities Stats. Housing supply.Recently released census data indicates that this growth in completions has translated into total private dwellings approximately keeping pace with population growth over the past 5 years. Between 2016 and 2021, B.C.’s population grew by 352,824 (7.6% growth) while the number of dwellings grew by 148,277 (7.2% growth) in the same period. While there is a level of indeterminacy in the data since current information on household size in B.C. will not be available until later this year, the data for the most recent year available (2016; 2.4 persons per household) indicates that the growth in   4 homes closely tracks population growth. It also certainly undercuts any claims that there is a gross misalignment between the growth in new homes and the growth in B.C.’s population.   In fact, in several large metropolitan areas, private dwelling growth has exceeded population growth (Figure 2). Across Canada, no other province or territory has seen higher growth in total dwellings over this period, except the Yukon (Figure 3).  Furthermore, analysis of 2001-2016 data finds little evidence to support claims that the supply of housing units in expensive markets has been inadequate to keep up with growth in household numbers.  
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