Quote:
Originally Posted by Muta
Are you sure everyone hates condos and wants to get out of them? Are you absolutely, positively sure about that?
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Cecil didn't say that. He pointed out the empirical fact that most Canadians prefer to raise families in detached homes.
Quote:
On average, across the four metropolitan areas, 83 percent of such families preferred detached houses, but only 56 percent were able to afford them. In other words, one-third had to settle for their second choice in housing type.
The largest level of disappointment is in Vancouver, where 78 percent of young urban families prefer detached houses, but were affordable to only 46 percent. Here more than 40 percent were forced to take their second choice. Young urban families fared best in Calgary, where 91 percent favored detached housing, and 74 percent could afford their preference, a gap of 20 percent. In Montréal, 84 percent favored detached housing but only 61 percent were able to afford their preference. In Toronto, the disappointment level was nearly as high as in Vancouver, with 82 percent favoring detached housing and only 50 percent having the budget to afford their first choice (Figure 1).
http://www.newgeography.com/content/...-condos-survey
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And yes, there's a glut of condos on the market in Canada's major cities. Developers like making them, but the buyers aren't there in sufficient numbers.
https://financialpost.com/pmn/busine...do-glut-builds
https://calgary.ctvnews.ca/calgary-c...oker-1.5017877