3 ms·
not a crisis, and I have to respond because that whole narrative is BS. I've seen what this "speed" does with ontario greenbelt destruction and new sprawl appro
by motohagiography 2y ago
not a crisis, and I have to respond because that whole narrative is BS. I've seen what this "speed" does with ontario greenbelt destruction and new sprawl approval. if it were honest growth, it would be condo towers in the outer burbs to increase their density to meet the need for nearby jobs, but those approved houses are just sprawl with cheap mortages where the few salaries and real estate profits exit the country in the form of remittances back home anyway. it's a massive wealth transfer out of the country in exchange for votes.
the demand is policy driven and not organic to an economy producing demand for homes based on endogenous growth. it's a fake crisis that could end with the stroke of a pen.