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'We can no longer build what people can afford'
(www.cbc.ca)
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this post was submitted on 02 Oct 2025
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Build something cheaper.
If you read the article, these are tiny Vancouver apartments already. It sounds like going even smaller and shittier would be illegal currently, which is what's causing the problem.
Ahhh, so they're just charging outrageous prices for already cheap housing.
And still not making a profit, apparently.
Enough profit* ftfy
To pay back creditors, sure.
Nobody has a magic money printer. Developers aren't part of a conspiracy just holding back the good stuff from us, if that's what you're implying. Because I know that's the jerk.
If they need ALL the excess value and leave nothing they will have nothing.
Exactly. These condos are over $1000/sq ft. Completely out of reach unless you or your parents are already rich. I don't get how this surprises anyone there.