It’s an idea we’ve heard throughout this election campaign — if you build more homes, housing will become more affordable in the GTA. “Existing homeowners see (housing) as an asset and this is their retirement and they’re interested in keeping prices high. But Bank of Montreal chief economist Doug Porter noted that, while Canada’s per capita housing supply is similar to the U.S., our prices are about 60 per cent higher. He says that resale home listings and transactions are commonly used to measure housing supply and demand. Market prices need to rise to enable the builders to pay those charges.”SHARE:

Source: thestar May 31, 2022 23:01 UTC