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I'm actually an immigrant in Canada, so part of the problem! BUT: I look around me and I see oodles of space and very little new building going on. 2.7% growth
by FredPret 3y ago
I'm actually an immigrant in Canada, so part of the problem!
BUT: I look around me and I see oodles of space and very little new building going on. 2.7% growth should not be impossible to deal with.
When I first moved to Toronto, I was shocked to discover that there are not only actual houses in the downtown area, but entire zero-rise neighbourhoods.
I now live in Calgary, which is where half of Ontario is moving, and according to this [0] we had a "record" new housing starts last year of 5700 houses and 7700 apartments in Calgary. We probably need closer to 57000 and 77000; we have the financial system to support that, and we have enough room for it. Finding that many tradespeople might be a challenge, but we aren't even trying.
[0] - https://calgaryherald.com/business/local-business/calgary-home-starts-record-year#:~:text=Single%2Ddetached%20starts%20increased%20from,grew%20from%201%2C300%20to%201%2C500 https://calgaryherald.com/business/local-business/calgary-ho....
- TravHatesMe 3y agoIsn't Alberta real estate historically boom and bust?
- joenot443 3y agoIt’s rather rich to be invited to a party and point out that if the hosts had used their resources better, there’d be enough chairs and food for everyone.
- FredPret 3y agoI wasn’t invited to the party, I was invited to move in to the house; and now I’m getting blamed for the lack of chairs when really we have enough room and money to literally install a nice comfy chair for every human on the planet.