homebuilding

3:15AM
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Cities such as Vancouver and Toronto, with longer and less certain approval timelines, tended to see less growth in housing stock.


9:10AM
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Affordability in Toronto has eroded to an all-time low, with prices jumping by more than 50 per cent in the past five years.


3:30AM
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Regulatory red tape is resulting in fewer new homes than there otherwise would be with a growing pool of buyers, contributing to rising prices.


2:14PM
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It’s impossible to achieve housing affordability unless the supply of new homes keeps up with demand.


3:17AM
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Demand-side forces are still at play regardless of the new tax on foreign buyers.


9:42AM
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This tax will add roughly $140,000 to a typical Greater Vancouver real estate transaction.


3:00AM
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Unfortunately the discussion on housing affordability has been dominated by handwringing over foreign homebuyers and low interest rates.

3:00AM
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Restricting Greater Toronto’s housing supply has consequences beyond the initial impacts on housing affordability.


3:00AM
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The Bank of Canada and other central banks around the world have artificially lowered interest rates, making investment and risk-taking much cheaper.