Quote:
Originally Posted by blankall
The housing shortage isn't just in Canada, it's global:
https://www.bnnbloomberg.ca/the-glob...the%20pandemic.
And the fact that Canada, a country with a lot of land, is near the top of multiple housing unaffordability lists, suggests that there has been exceptionally poor planning here. There are clearly some market factors outside of Canada's individual control going on, but Canada, amongst its peers of similar economic development, should be near the bottom of unaffordability not near the top.
To be clear I don't think supply is the only issue. For example, Canada has most certainly allowed investors to plunder the housing market. However, supply most certainly remains a major issue. |
If it's a lack of housing units, then why has Canada's rental price growth lagged virtually the entire OECD over the last 20 years? Look at the gap between 2005 and 2020 in Canada vs. the rest of the OECD:
Basically the only countries with less growth over that period are ones with stagnant or declining populations (Japan, Germany, Italy, etc.)