Housing costs

[jeffster]

The other thing is interest rates. They make the list price higher, though not monthly payments.

I think this is the largest factor. And regulations regarding mortgages. If mortgages were capped to 3x your family income, max, houses would be a lot cheaper.

However, developers are the ones raking in the cash with low interest rates. 1) Their own loans to finance a new build is very low, so it’s lower risk to build. 2) Being that they have large amounts of cash, they can lobby the government to make getting mortgages easier for their clients. The amount of money that goes to Ottawa, the influencers, MP’s, etc., is insane.