3 ms·
> The reason the agricultural land is not converted into housing is because there's little demand for it - not because it's essential to food production. As an
by randomdata 4y ago
> The reason the agricultural land is not converted into housing is because there's little demand for it - not because it's essential to food production.
As an Ontario farmer located several hours from Toronto, I have had a seemingly endless line of people wanting to buy a small plot from my farmland on which to build themselves a home. The demand is there[1], but there is far too much red tape to make it happen. Furthermore, the price of food has been strong for the last decade or so which has sent the price of farmland sky high (up ~500% over the last 15 years), making housing on those lands more expensive. I would suggest that the price of housing in the cities has gone up exactly because it has become considerably more expensive to build out into the farmlands compared to earlier decades. When sprawl is too costly, that puts more pressure on existing city boundaries.
[1] Or at least was there. It is not clear if there is much lingering housing demand in Ontario as of the past few months. All reports I read indicate that people don't want to own homes anymore.
- FpUser 4y agoOh believe me they want. they just can not afford it. In the 90's I easily bought house in Toronto and I did not need to have high income. Now it is nigh to impossible for majority of working people.
- randomdata 4y agoHousing in Toronto was affordable in the 90s because there was cheaper alternatives. Whether or not one preferred to live in Toronto is immaterial. What is significant is that there was an even more affordable choice to move to the edge of town, keeping pressure away from the core. Price is moderated by choice, after all. In the 90s, a 100 acre farm here would have sold for around $100,000. Today, the same farm would sell for around $3 million. That is a substantial increase to acquiring the land and a cost that is burdened even if you choose to put a home on the land. This means that there isn't a cheap option outside of town to provide as an alternative like their historically was. And, thus, that puts more pressure on prices within the city.