4 ms·
Couple of things in contention. First, if work from home remains in place the need to be proximate to the office goes down. This will impact both commercial a
by jleyank 5y ago
Couple of things in contention. First, if work from home remains in place the need to be proximate to the office goes down. This will impact both commercial and residential prices “downtown”. Foreign money will continue to jack up Canadian prices, but Canadians might be less interested in doing so.
Second, if a government makes an active effort to increase housing and decrease house prices they better be a majority. Otherwise they’ll lose to the party that “will defend people’s investments” and quickly stop subsidized construction.
Finally, I have no feeling how mobile people are here. But it doesn’t seem to be high. Folks from Quebec tend to remain there. Folks from the prairies seem unwilling to move east. There’s not a lot of big cities and if the people won’t move demand will remain inelastic.
- brailsafe 5y agoIt's a bit of a guess, but it's my estimation that most people move west in Canada. People in the East move to either Toronto or the central prairies, and people in the central prairies tend to move to Alberta or BC. You can save money moving east if you're location is arbitrary, but I don't think it is for a lot of people.
- cmrdporcupine 5y agoI moved from Edmonton to Toronto in the late 90s and stayed. But I know very few people who did the same (though my wife's grandparents did the same exact migration.. just 50 years earlier). Most Albertans move west to BC if they leave the province.