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Supply in Canada's property market surges as mortgage renewals loom
(ca.finance.yahoo.com)
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this post was submitted on 17 Jul 2024
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From what I understand, it's not the building that increases in value, but the property it's on.
That's why developers have no problem leveling homes to build something else. The land is what they paid for.
But, I could be wrong. ๐ฌ