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The Toronto area consistently adds >100k people each year, and added a full mega-person in the last 5. We have never built units for 100k beds in any year in t
by michael1999 6y ago
The Toronto area consistently adds >100k people each year, and added a full mega-person in the last 5. We have never built units for 100k beds in any year in the last 20. Don't hold your breath.
- FredPret 6y agoI wonder how many beds are under construction right now. We may be only two out of that mega-person (lol) but we’re headed to a lake or another province within a year. Condo rents have absolutely tanked, by the way
- anthony_barker 6y agoImmigration is a myth that real estate agents use to justify prices. Last year there were almost no immigrants and prices went up. Consumer mortgage debt is directly correlated with housing prices in Canada. This plus constraints on permits for single family dwellings. Drive around and have a look at some of the high end condo's at night - there are no lights on. Mostly dark. The no capital gains and no inheritance tax loopholes in Canada will eventually be closed. (https://www.worldometers.info/world-population/canada-population/ https://www.worldometers.info/world-population/canada-popula...) percentage population growth 0.9% is very low based on historical standards.