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How's the housing policy in Vancouver and Toronto? If new tech companies and new tech workers keep coming, are the cities willing to allow for construction of l
by sampo 7y ago
How's the housing policy in Vancouver and Toronto? If new tech companies and new tech workers keep coming, are the cities willing to allow for construction of lots of new homes? Or are there signs that the housing policies would turn as anti-growth and hostile to newcomers as happened in the Bay Area?
- agilebyte 7y agoThe demand outpaces supply currently in Toronto (where I live), Vancouver, and the prices are high. Everyone talks about affordability and so far it's been tackled by extending rent control and adding a foreign buyer tax.
- Tiktaalik 7y agoVancouver and Toronto both build quite a bit. Some will argue not enough, and there is the usual NIMBYism, but it's not comparable to the disfunction of SF.
- teunispeters 7y agoIt's cheaper and easier to build in SF than Vancouver BC and region now. Hoping that to change - I moved to Saskatchewan to get away from that. (Alberta wasn't far enough - real estate there is effected too by the ease of international tax evaders and money launderers to buy property to "hold" their assets).
- throw0101a 7y ago> How's the housing policy in Vancouver and Toronto? Toronto has more construction towers (120) than any other city in North America (49 in SFO and LAX): * https://canada.constructconnect.com/dcn/news/economic/2019/08/toronto-tops-crane-count-list https://canada.constructconnect.com/dcn/news/economic/2019/0... It's still not keeping up with demand.