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Come tell that to the residents of Vancouver. We've had countless luxury condos made year after year for two decades and we're at around 3k/mo for a 1br.. tell
by adra 3y ago
Come tell that to the residents of Vancouver. We've had countless luxury condos made year after year for two decades and we're at around 3k/mo for a 1br.. tell us more about how building units that "regular" people can never afford that it's always helping them.
- JumpCrisscross 3y ago> tell that to the residents of Vancouver. We've had countless luxury condos made year after year Developing in Vancouver is outrageously expensive. Its voters chose a lengthy approval process for new housing. High housing costs are a political choice.
- bombcar 3y agoIt's like induced demand, but for houses! "Just one more house!" At some point the market would flood and there wouldn't be as much demand anymore, but if every single person in Canada wants to live in Vancouver everyone is in for a world of hurt until Vancouver has 30 million dwelling units.
- coryrc 3y agoYour population is booming. You're not building as much as you think you are.
- adra 3y agoA little bit dated (probably by a year) https://www150.statcan.gc.ca/n1/daily-quotidien/230613/dq230613b-eng.htm https://www150.statcan.gc.ca/n1/daily-quotidien/230613/dq230... The building of dwellings has outpaced immigration so that alone is unlikely a silver bullet.
- onepointsixC 3y agoWhere exactly do you think the people who afford those luxury condo live right now? In the woods? And just because "countless" have been built doesn't meant that there have been enough to meet demand.
- rendang 3y agoCanada also has one of the highest immigration rates in the world