this post was submitted on 02 Aug 2023
56 points (95.2% liked)

Canada

7184 readers
782 users here now

What's going on Canada?



Communities


๐Ÿ Meta


๐Ÿ—บ๏ธ Provinces / Territories


๐Ÿ™๏ธ Cities / Local Communities


๐Ÿ’ SportsHockey

Football (NFL)

  • List of All Teams: unknown

Football (CFL)

  • List of All Teams: unknown

Baseball

Basketball

Soccer


๐Ÿ’ป Universities


๐Ÿ’ต Finance / Shopping


๐Ÿ—ฃ๏ธ Politics


๐Ÿ Social and Culture


Rules

Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage:

https://lemmy.ca


founded 3 years ago
MODERATORS
 

Experts say Ottawa's role in housing sector has grown (Richard Raycraft ยท CBC News)

you are viewing a single comment's thread
view the rest of the comments
[โ€“] [email protected] 1 points 1 year ago* (last edited 1 year ago)

The primary cause is that we've put a lot of focus on making life, in large cities in particular, around those houses much more livable.

We like to talk about how cheap those city homes were 50+ years ago, allowing you to buy them for a song, but do you remember how awful cities were back then? They were industrial, crime-ridden nightmares. Homes were cheap because nobody wanted them.

Things have changed dramatically over the past 10-20 years. The messy industry has mostly left, often replaced with businesses which provide enjoyable actives (restaurants, shopping, entertainment, etc.). We've made great strides in reducing car dependance, improving mass transit and cycling options. Crime has plummeted. The list goes on and on.

AirBNBs, etc. have come into existence for the same reason: People today actually want to be there. That is your primary cause. Desirable things are more expensive than undesirable things. That's the way it goes.