Canada's New Housing Plan Won't Help, But Slowing Immigration Will: BMO
Canada's New Housing Plan Won't Help, But Slowing Immigration Will: BMO
Incorrect. Canada's primary issue is zoning restrictions.
If we could densify then the insane value of land and condos makes high rises incredibly profitable - restriciny high rises because Karen really likes how suburban Kitsilano is is what's fucking killing us.
Build 3/4 storey apartments and invest in public transit/active transport and we can live as lovely as the Dutch do!
lenders will be able to offer 30-year amortizations on mortgages to first-time buyers when purchasing new construction. This is primarily a policy to preserve prices by helping first-time buyer budgets rise to absorb stagnant inventory, preventing the need for developers/investors to cut prices on the units
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“In general though, this is a measure that stokes demand at a time of excess demand, and ultimately does little to improve affordability once prices adjust,” he explains.