Canada's economy was never fundamentally strong enough to support such ridiculously high prices. Real estate has been the vehicle of choice for money laundering.
Good to know about changes in development fees - hopefully other municipalities will pick up on them.
Ford’s comments on condos got me wondering though - how much of the inventory is unsold because of its composition? A dog-crate condo is still just a small and possibly unreasonable place to live regardless of how cheap it is.
Without intervention, supply will continue to lag behind demand, exacerbating affordability pressures and excluding key market segments – especially families and middle-income earners – from viable housing options."
I thought we had like 10 months of built up inventory? How is supply not keeping up with demand?
Once Carney steps in to save his banker bros, that's when the real crisis kicks in: The loonie.
Canada's economy was never fundamentally strong enough to support such ridiculously high prices. Real estate has been the vehicle of choice for money laundering.
Good to know about changes in development fees - hopefully other municipalities will pick up on them.
Ford’s comments on condos got me wondering though - how much of the inventory is unsold because of its composition? A dog-crate condo is still just a small and possibly unreasonable place to live regardless of how cheap it is.
Without intervention, supply will continue to lag behind demand, exacerbating affordability pressures and excluding key market segments – especially families and middle-income earners – from viable housing options."
I thought we had like 10 months of built up inventory? How is supply not keeping up with demand?
When you have no down cycle, the excesses just build and build. And now we are there as land prices need to reset.