Housing completions is a fake statistic and is functionally the same as "housing shouldn't fall in value." Dont be fooled.

E.g. last two years Vancouver BC led North America for the most housing starts, and was among the highest in the developed world.

Because the price was increasing thanks to investors and speculators.

Now that the price increase has cooled though? All of the developers simply stop building. Since feb 2025, housing starts in Vancouver are down by almost 50%.

That was Singh’s plan