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submitted 1 year ago by [email protected] to c/[email protected]
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[-] [email protected] 0 points 1 year ago

Raising rates seems to do two things to housing:

  • encourage targeting luxury housing - if you're rich, prices aren't as important
  • encourage selling to larger landlords - more apartments, fewer condos/townhouses

Builders are still going to build, they just need to target people who can afford the higher prices.

[-] [email protected] 1 points 1 year ago* (last edited 1 year ago)

Looking at the construction industry in Quebec, builders aren't building anything... There's zero clients right now...

this post was submitted on 07 Jul 2023
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