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Originally Posted by someone123
I would say it is even worse than fewer units getting through. The price per completed unit goes up and developer costs go up while predictability goes down. This developer had to "gamble" for years when building a reasonable and standard apartment tower.
Immigration rates have gone way up and there is talk of adding more housing supply but it doesn't actually connect through to what other levels of government are doing or what capacities exist in the private or public sectors.
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I didn't even think of those knock on effects. It would be great if a local put together a list of all the lost units and costs to developers along with the names of the people/organizations responsible.
We can surely name and shame a few that directly influenced the current situation (given their public efforts to stall / stop development).
All for what? Less housing, worse designs and no heritage was saved! Shameful!