In economic theory, by now there should be more detached houses under construction; goodness knows there’s demand for them.Article content
Still. In my view, this can’t go on forever, and when will it shift? Guérette wasn’t sure either when I asked her that question, but she is concerned about what will happen when the inevitable change comes.“Back in 2007 when all that was happening, prices were really low. Something needed to give, and then it happened really quickly.”
In addition, municipalities continue to use policy to press for higher-density neighbourhoods, Guérette said. “That kept going. It wasn’t as bad as people were saying. Yes, it did flood the market for a bit, but it was also a trend.” “The foreign buyer ban? Come on. You just moved the pressure from the first family home to the rental. That’s all you’ve done.”