84
Canada's population is about to hit 40 million
(www150.statcan.gc.ca)
What's going on Canada?
🍁 Meta
🗺️ Provinces / Territories
🏙️ Cities / Regions
🏒 Sports
Hockey
Football (NFL)
unknown
Football (CFL)
unknown
Baseball
unknown
Basketball
unknown
Soccer
unknown
💻 Universities
💵 Finance / Shopping
🗣️ Politics
🍁 Social & Culture
Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage:
Meanwhile, Canada's housing supply is running thin!
It sucks. I know it's not the only reason we're in this mess but I think it would give us a big break is we banned Airbnb.
That's a lot of empty homes.
Airbnb but also speculative and for-profit ownership. Homes shouldn't be bought to rent.
doesn't that mean that 2/3 units are rented for less than 90 days? that means they should be utilizing capacity that would otherwise be sitting empty (i.e. because the owner is living in it for most of the year)?
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.
FTFY
What did you change?
The fundamentality of cost is a means to manage scarcity. If something is running thin, meaning there is less of a thing than those who wish to have that thing, then cost must rise such that enough people lose interest in having that thing (i.e. it becomes unaffordable), yielding to those who still do want the thing.
The addition of 'unaffordable' changes nothing. It is already encoded in the original statement.
Yup, it's horrible, and it's not with 1 million immigrant per year that the housing and rent supply will change, it will be worst and worst