Quote:
Originally Posted by Fuzz
This all sounds like it is reducing housing demand...so success?
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It's not so much reducing housing demand as it's pricing lower income people and many young families out of the market. There continues to be a massive housing shortage across Canada.
Rent is also continuing to increase. So investors with lots of capital have incentive to remain in the market.
Housing prices in the hottest markets will never drop to true affordability until there is more housing.