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by FredPret 916 days ago
I'm actually an immigrant in Canada, so part of the problem!

BUT: I look around me and I see oodles of space and very little new building going on. 2.7% growth should not be impossible to deal with.

When I first moved to Toronto, I was shocked to discover that there are not only actual houses in the downtown area, but entire zero-rise neighbourhoods.

I now live in Calgary, which is where half of Ontario is moving, and according to this [0] we had a "record" new housing starts last year of 5700 houses and 7700 apartments in Calgary. We probably need closer to 57000 and 77000; we have the financial system to support that, and we have enough room for it. Finding that many tradespeople might be a challenge, but we aren't even trying.

[0] - https://calgaryherald.com/business/local-business/calgary-ho....

2 comments

Isn't Alberta real estate historically boom and bust?
It’s rather rich to be invited to a party and point out that if the hosts had used their resources better, there’d be enough chairs and food for everyone.
I wasn’t invited to the party, I was invited to move in to the house; and now I’m getting blamed for the lack of chairs when really we have enough room and money to literally install a nice comfy chair for every human on the planet.