Also a study done by a real estate company that comes to the conclusion that everyone really just wants really expensive real estate should raise a few eyebrows. People's demand needs to be taken within the context of what they can actually afford. Most people would love a sprawling mansion within 20 minutes drive from downtown....hence why the cost of homes in Mount Royal is so high. When people are faced with choices that are realistic to their circumstances (IE ones that involve trade offs), we see different results.
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