Why are they trying to build more houses when we have a surplus of units? Builders aren’t building anymore because their existing inventory isn’t selling.
They won’t drop prices because of greed and using real estate as investments. So now we have immigrants with low-paying jobs trying to buy homes with inflated price tags.
Either lower prices of homes or start paying workers more so they can afford homes.
Where is there a surplus of units?
In the greater Toronto area. So many vacant condo units. Pre-construction buildings not having enough sold units to meet threshold and thus not being built. Builders being forced to reduce pricing or offer up better incentives to buyers.
But who has $20,000 sitting around to make a down payment on a 1 Million dollar townhome? Wages need to go up. That starts with our employers.
But PP said “build the houses” so they must have a serious plan. Right? Right?
⅔ of their plan sounds excellent, but any plan where “the” makes up a third of the words is missing some real substance.
His plan was to raise taxes on people whose communities don’t increase their population by 5% each year and ban public transit from servicing commercial areas
Because they have their marching order wishlists from Pathways Alliance and other oil lobbies.
I think in this case it’s more likely because most are profiting from being landlords (or their spouses are).
Why so serious??
