A lot of the condos aren't even luxurious, a lot of them are small with really shitty kitchens. There's a price where they'd sell, but it would not be a prestige price that could gather enough dues to maintain the building.

But Canada wants to catch up to the UK and the US as a grim police state, so high rises and pocket neighborhoods and data centers it is.

One of the major roots of the problem IS the systemic corruption of every aspect of economic life, including housing, where bought politicians can't make any decision at all unless one of their patrons makes money out of it.

[–] awfulawful@lemmy.blahaj.zone 1 points 14 hours ago

Yep, that sort of capture is definitely one of the major causes. It is designed to prevent working people from being able to build wealth through sensible development that they can actually control. Everything has to run through huge developers and big projects that average people have no hope of participating in or holding power over.