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Canada's real estate situation makes no sense to me as a US citizen. * Plenty of land * Plenty of wood * Plenty of sources of fresh water * Pro-immigrantion
by kylehotchkiss 4y ago
Canada's real estate situation makes no sense to me as a US citizen.
* Plenty of land
* Plenty of wood
* Plenty of sources of fresh water
* Pro-immigrantion policy could reducing construction costs
* Seemingly high rate of 'cottage' ownership which seems like a second home to me, which seems to indicate abundance?
* Remote working situation good
* Fiber can't be that hard to roll out to new places right next to roads plus Starlink exists
* People don't seem to mind the weather too much?
In US, these things seem less abundant as lots of our land is allocated already as opposed to just being crown land
- lotsofpulp 4y ago> * People don't seem to mind the weather too much? I would start with questioning this assumption. Also, based on their terrible choices of ISP and mobile networks, I would question this one too: > Fiber can't be that hard to roll out to new places right next to roads plus Starlink exists
- BirdieNZ 4y ago> Plenty of land Land is generally not very valuable by itself, it is locations that are valuable (specifically desirable locations in growing cities). There are highly limited locations available in Canadian cities, particularly the desirable cities of Toronto and Vancouver. Same with the Bay Area, NYC, Hong Kong, Singapore, Sydney, Auckland etc. Singapore does probably the best job of the above at keeping housing relatively affordable despite very limited locations.
- 972811 4y agoI think the US and Canada are really similar here (and maybe it's global), but essentially the trend is: 1. There has been more demand for living in cities and less for rural areas 2. That demand has not been met with the same increases in housing supply, so prices rise 3. Low interest rates make housing an even more attractive investment, and throw gasoline on the fire