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Not in all desirable players. Only ones that limit construction. Meanwhile in desirable places which allow more construction, like Tokyo, housing prices have

• throw0101a 7y ago
  > Not in all desirable players. Only ones that limit construction. Toronto has more construction (120) cranes than anyone else in North America (Seattle & LA second at 50), and prices are still crazy even with a building boom. * https://www.on-sitemag.com/heavy-equipment/toronto-remains-unrivalled-in-north-american-construction-crane-count/1003964481/ https://www.on-sitemag.com/heavy-equipment/toronto-remains-u... * https://canada.constructconnect.com/dcn/news/economic/2019/08/toronto-tops-crane-count-list https://canada.constructconnect.com/dcn/news/economic/2019/0... And that 120 is just in the city proper, the suburbs have more towers as well: * https://www.livabl.com/2019/07/246-cranes-toronto-suburban-condos.html https://www.livabl.com/2019/07/246-cranes-toronto-suburban-c...
  • mixmastamyk 7y ago
    Cranes suggest there is demand, not that it has yet been met.
    • throw0101a 7y ago
      One can not "limit construction" (per GP) and yet still have high prices.
    • brutus1213 7y ago
      Three points. 1) The condos being built in Toronto are "luxury" apartments .. apart from space (perhaps to justify the lack thereof), many trimmings are opulent (granite counters seem standard now). 2) Toronto does restrict houses (not condos) because of the greenbelt put in place about a decade ago. 3) The transit system in Ontario and the highways are quite horrible for people living far away (e.g. above the green built).