Canadian real estate prices have surged in almost every market, with a typical home price doubling in many regions. A median household in major cities like Toronto and Vancouver would need to save over 20 years for just the down payment, more than 3x the historic average. Seems absurd? The outlandish scenario was apparently a […]

Canadian real estate prices have surged in almost every market, with a typical home price doubling in many regions. A median household in major cities like Toronto and Vancouver would need to save over 20 years for just the down payment, more than 3x the historic average. Seems absurd? The outlandish scenario was apparently a […]

The value of houses are tied to the value of land, and you can’t make (much) new land. That’s why houses in economically advantaged cities are more expensive than houses in economically disadvantaged cities or out of the way places (unless those places are desirable for being out of the way).

That said, we can do things to get more people per square km in cities, even without going to high rise apartments. And certainly, not promoting more effective housing options hasn’t helped the price of homes, either.

In many municipalities the majority of residential zoning only allows single family homes, sometimes with minimum lot sizes, set backs and parking minimums. We’ve made it legal and incentivized to only build spread out and inneffecient housing regardless if thats what the city or people really needs or not.

Create a post

What’s going on Canada?



Related Communities


🍁 Meta

🗺️ Provinces / Territories

🏙️ Cities / Local Communities

Sorted alphabetically by city name.


🏒 Sports

Hockey

Football (NFL): incomplete

Football (CFL): incomplete

Baseball

Basketball

Soccer


💻 Schools / Universities

Sorted by province, then by total full-time enrolment.


💵 Finance, Shopping, Sales

🗣️ Politics

🍁 Social / Culture

Rules

  1. Keep the original title when submitting an article. You can put your own commentary in the body of the post or in the comment section.

Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage: lemmy.ca


  • 1 user online
  • 292 users / day
  • 509 users / week
  • 1.09K users / month
  • 2.21K users / 6 months
  • 1 subscriber
  • 6.65K Posts
  • 61.5K Comments
  • Modlog