3 ms·
Toronto, despite being the crane capital of the world "only" built 200k condo units in 20 years with marginal increase in other housing. Population increased 50
by dirtyid 6y ago
Toronto, despite being the crane capital of the world "only" built 200k condo units in 20 years with marginal increase in other housing. Population increased 500k in the same period. Mississauga increased 120k dwelling units in 40 years, while population increased 300k. Beijing cranked out multiple 100K+ megablocks in 5 years.
It's a supply side problem. There's more land than money, 1/2 of Richmond BC is undeveloped. There's space for millions of units. The fundamental problem is Canada cannot build due to combination of regulations and construction culture.