Quote:
Originally Posted by CaptainYooh
All homebuilders in Calgary without exception would like to buy more serviced lots than there is available for sale. There are no lots available for sale, period. All available lots are 100% committed to the "lucky" homebuilders. When the ability to purchase a permitted product on the market is severely restricted, it constitutes a product shortage. In Calgary, this shortage is severe.
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A shortage only occurs at a given price. If the price for developed lots were to go up (as it would be expected to, in the scenario you've described) then market allocation would no longer be based on "luck".