this post was submitted on 15 Jun 2023
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Canada
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Meanwhile, Canada's housing supply is running thin!
Is the housing supply thin, or just availability? My city keeps claiming it needs to open new suburbs, while half the houses in my quiet downtown area are empty and up for sale at prices that are just unreasonable, because they were bought up by speculators.
I'm not sure why cities keep wanting to build suburban single family development, we know it costs a tonne to support in the long-term. If we would build medium density instead on a large scale it would go a long way to fixing the housing crisis.