23
Bank of Canada Cuts by 50 Basis Points to ‘Stick the Landing’
(finance.yahoo.com)
What's going on Canada?
🍁 Meta
🗺️ Provinces / Territories
🏙️ Cities / Regions
🏒 Sports
Hockey
Football (NFL)
unknown
Football (CFL)
unknown
Baseball
unknown
Basketball
unknown
Soccer
unknown
💻 Universities
💵 Finance / Shopping
🗣️ Politics
🍁 Social & Culture
Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage:
Yeah, they're not going to be affordable, but more supply is more supply in a shortage.
I'm on board with easing constraints so long as homes are built soundly and owners aren't left holding an expensive crumbling house.
I think the building restrictions parent poster was referring to are density restrictions.
As an example, there are narrow strips of Toronto along major roads that allow skyscrapers, a lot of it a block away from single-family-home zoning. So all the demand for multi-unit housing bursts up in narrow corridors.
If, instead, quad-plexes became universally allowed, and lot height limits were increased to 3 (or 4? idk) stories, then single-family homes could be torn down or renovated to make room for up to 4 families to live comfortably on the same land.
Rosedale shouldn't exist. Single-family homes a short walk from downtown Toronto is a big part of why people are commuting from Barrie.
West Van is just as bad. Even small towns in desirable areas are seeing density restrictions causing a missing middle in housing.