Quote:
Originally Posted by SebC
Homes, not houses. Knock down houses to build more housing. Drives me nuts when media reports on the affordability issues looking at house prices. Supply of houses needs to shrink, which will push their prices up. The more houses are rezoned and developed to condos, the better.
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In order to make any strategy work they need to curtail foreign investment. The amount of capital flooding into the country was enough to absorb all of the new condos. I'd like to see a few high profile enforcements of the new rules, where properties are actually confiscated from people trying to dodge the new rules.