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'We can no longer build what people can afford'
(www.cbc.ca)
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Who could have guessed? The super tiny, yet still branded "luxury" condos, listed at nearly the same as a townhouse, are having troubles selling???
In Burnaby, they're building super high density 400sqft micro apartments as if land is super scarce, while next door are 6000sqft lots of single family houses. Of course older condos are selling better because they're nearly double the size and often low-rises that sit with a community, not among wannabe-downtown skyscrapers.