07-27-2021, 07:22 PM
The idea that we don't have enough people to fill these developments is laughable. We have the fewest houses per capita in the G7 and would need to build I think ~4 million homes instantly to be brought up to the G7 average. Not to mention Canada is setting its most ambitious immigration targets yet.
Until our housing prices start dropping below the rate of inflation there is no overbuilding. Simply put Canada could not build enough homes right now if they tried. Not only are we so low on houses per capita, we are falling too, so our current development pace is even failing to keep pace with immigration. Something needs to be done asap. I know there's an insane construction boom in this country but there needs to be even more of one.
Until our housing prices start dropping below the rate of inflation there is no overbuilding. Simply put Canada could not build enough homes right now if they tried. Not only are we so low on houses per capita, we are falling too, so our current development pace is even failing to keep pace with immigration. Something needs to be done asap. I know there's an insane construction boom in this country but there needs to be even more of one.