12-22-2023, 01:34 PM
(12-22-2023, 11:06 AM)Rainrider22 Wrote: No point in building a single detached home anyways, new report says that merely 25 percent of Canadians could actually afford to buy one...
I assume you’re being sarcastic? The reason they (and all forms of housing) are expensive is because many people want them and they’re hard to build, so the supply has fallen behind. If something essential is expensive that typically means we need more of it.
Except that construction seems to be expensive now too, so even if we allow sprawl to infinity I’m not sure how much that would help with detached home prices (well, probably not at all if we had development charges that covered all the external costs of such development…).