If Condo Sales are Down, Why Aren’t Prices?

Housing starts in Canada are falling, particularly in Ontario, and the situation is even worse than predicted. The non-condo ownership market has seen a massive decline over the last 20 years, with high land prices and development charges making it unaffordable for buyers. Yet prices aren’t coming down. Mike Moffatt and Cara Stern discuss this challenge and its effect on getting supply in both the rental and ownership markets.More reading:We need more than big promises to solve our housing crisishttps://thehub.ca/2024-05-09/mike-moffatt-we-need-more-than-promises-to-solve-our-housing-crisis/?utm_medium=paid+social&utm_source=twitter&utm_campaign=boostHosted by Mike Moffatt & Cara Stern & Sabrina MaddeauxProduced by Meredith MartinFunded by the Neptis Foundation https://neptis.org/