Quote:
Originally Posted by Azure
My original question was also ignored.
Do people honestly believe Toronto & Vancouver housing prices were driven by actual demand and not external shady circumstances?
Why is Vancouver SO much higher than Montreal? Calgary? And why has it been higher for so much longer than other cities in Canada? Where is the money coming from that is driving that insane demand?
|
That's the $640k studio question. I think that positive feedback loop could easily emerge without any nefarious intervention (of which there is obviously some, but I'm skeptical that it's truly a root cause).
I'd ask the opposite...why is it not possible that demand simply >>>> supply?