We are in violent agreement. Creating new condos will still keep the prices increasing, but it will be better than the situation where no new housing is built.
But the article specifically says "new homes reduce house prices." This is patently false.
Toronto is growing because there's no real business centers outside of Toronto for the 1 million immigrants a year that are coming in. We need to create viable options by expanding business outside of Toronto in new land, so that housing demand lessens.
But the article specifically says "new homes reduce house prices." This is patently false.
Toronto is growing because there's no real business centers outside of Toronto for the 1 million immigrants a year that are coming in. We need to create viable options by expanding business outside of Toronto in new land, so that housing demand lessens.