this post was submitted on 20 Jun 2024
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Quebec's housing crisis goes beyond supply and demand, says new report (www.cbc.ca)
submitted 4 months ago by [email protected] to c/[email protected]
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Submitting for this truly astonishing quote:

" Landlords in Quebec, however, feel they need to catch up to other provinces as Quebec is still one of the most affordable places to live in the country, said Jean-Olivier Reed, a spokesperson for the Quebec Landlord Association (APQ)."

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[–] [email protected] 30 points 4 months ago (10 children)

This is perfect and the various parties are surprisingly frank. For example:

Landlords in Quebec, however, feel they need to catch up to other provinces as Quebec is still one of the most affordable places to live in the country, said Jean-Olivier Reed, a spokesperson for the Quebec Landlord Association (APQ).

and:

"What we have built over the last years, the last months β€” it's mainly luxury condos or apartments because it's what we can afford to build right now," he said.

[–] [email protected] 9 points 4 months ago (3 children)

That's still good though. If there are people willing to move into those luxury places, they are probably freeing up some other capacity, and so on. More supply is never bad. As long as they are building in density, it will help with housing affordability.

[–] [email protected] 3 points 4 months ago

If there are people willing to move into those luxury places, they are probably freeing up some other capacity, and so on.

What about house flippers?

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