Cannabis industry contributed to spike in home prices, housing shortages: survey

An unintended consequence of that employment growth is a shortage of available homes.RE/MAX states the surrounding Rideau-St. Lawrence region is in the midst of a housing shortage because of high demand. Home sales rose by 27.1 per cent year-over-year with average prices going up by 10.5 per cent.

Atlantic Canada, where these new operations have been setting up, has been experiencing an “economic renaissance,” the real estate company said. In this case, September home sales spiked by nearly 8 per cent with average prices rising 9.10 per cent. Real estate for sale signs are shown in Oakville, Ont. on Dec.1, 2018. THE CANADIAN PRESS/Richard Buchan

Alberta -- which leans more heavily on private retailers -- has become a real estate hot spot in part because of the cannabis industry -- despite Canadians’ initial resistance to pot shops, RE/MAX said. “Consumers are funny in that regard,” Alexander said. When you take into account the shortage of available homes in Canada over the past five years, being next to a pot shop is “the last thing on people’s minds.”

Makes logical sense if ANY company opens with over 1000 employees housing prices will start to move.

Not much credibility with CBC and CTV these days. Shame on them all. I actually can't tell the difference.

Bogus!

Only our government can lose money selling pot !!

Weed used to be fun when it was illegal...now it just sucks after the legal Mafia took over ( government)...

And deaths from toxic myclobutanil

I told you this was a bad idea

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A year in the weeds: Why the cannabis industry didn’t take off the way everyone plannedThere is no shortage of answers to the question of what went wrong, but one thing seems certain: there is plenty of blame to go around It failed because instead of legalizing the black market and bringing them into the fold, another market was created that rich folk could invest in, and the players in that market don't know what they're doing. Hope y'all lose your shirts over it. Let's see. Massive amounts of regulation. A government sponsored cartel where only approved producers have access. Supply issues. Price fixing. Sub par product quality. Burdensome retail regulations. Uncooperative local governments bylaws. I have no idea why legalization failed. You misspelled the way the *government* planned. Everyone else knows that government is a gigantic failure at everything they put their hands on and cannot ever do better than the private sector.
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Immigrant-fuelled demand is helping to power Canada’s housing marketImmigrants buy 21 per cent of houses and may purchase 680,000 homes during the next five years, a Royal LePage poll shows VotePPC Yeah, When majority of them are on govt assistance its a circular transaction where the taxpayer pays and the liberals claim its an economic boom. cdnpoli Canadian real estate at 75 cents is a bargain. Especially in Toronto and Vancouver.
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