Many construction materials aren’t only affected by the Canadian economy, we are a very small part of it even if the material is produced here (ex. if it’s more profitable to export why would a company sell locally?). If global demand goes up prices here go up regardless of the situation.
Also, that money you’ve made isn’t real “made” until you sell, it’s an unrealised gain.
If you think that the land prices are a Canada only issue, you haven’t been paying attention.
It doesn’t matter if it’s realized or not, homes are selling for those prices which means I could sell my home and some poor younger person would have to work even more hours than I did to afford it.
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Many construction materials aren’t only affected by the Canadian economy, we are a very small part of it even if the material is produced here (ex. if it’s more profitable to export why would a company sell locally?). If global demand goes up prices here go up regardless of the situation.
Also, that money you’ve made isn’t real “made” until you sell, it’s an unrealised gain.
If you think that the land prices are a Canada only issue, you haven’t been paying attention.
It doesn’t matter if it’s realized or not, homes are selling for those prices which means I could sell my home and some poor younger person would have to work even more hours than I did to afford it.