I’m probably stereotyping, but immigrants might be more open to living in apartment style housing. In Calgary at least the median price is still lower than the peak and I’m assuming supply is still decent. Not everyone needs or wants a 3 br detached with double garage, no?
When it comes to servicing, there is also the cost of roads, emergency, and other infrastructure. Unless you want property taxes to significantly increase, you can’t just keep building further and further out (IMO).
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