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Originally Posted by TheNovaScotian
If we slow immigration, we loose ground in the battle to become a market economy instead of one focused on tertiary industries. This is the key to Canada's long term economic growth otherwise in the near future we will be bumped down the list until we've become irrelevant to have at global discussions. Since we know the amount we're receiving, we should ensure at least that much housing supply hits the market annually to offset the impact of their arrival.
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IMHO Nationalism is never a good excuse for anything, whether it’s welfare or the economy. Someone correct me if I’m wrong but I thought we’ve lived in a “market economy” for quite some time. My impression is that immigration is simply a matter of avoiding a Japanese-styled demographic collapse and having our retirements paid for.
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Originally Posted by TheNovaScotian
I think the politically inconvenient fact is, that cities and towns around Canada need a massive influx of housing but no one knows where to put it.
We can do what many countries are doing and build whole new cities like Jedda, Abuja, Cairo or Singapore out in the woods somewhere. I'm more for vertical growth but at this point I'd take what we can get.
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Being a RA for a federally-funded project keeping tabs on migration to mid-sized cities, I feel qualified to say this solution is in fact part of the problem for Halifax. For many in the GTA places like Halifax are the “whole new” cities. This is not a pandemic-induced phenomenon, there has been a constant outmigration from Toronto to mid-sized cities for decades. While the pandemic did cause a surge in outmigration, many of those who moved in fact planned to do so for many years.
Your comments on urban form do hold some relevance to differences in taste: in Hamilton, those moving from Downtown Toronto preferred urbanized parts mimicking their former homes while those coming from GTA suburbs would prefer Hamilton’s suburbs. I am very much opposed to settling on a specific urban form
(tall & slim vs mid-rises replicating European streets, yadayada…) because it kills the urge to dream. Very much in favour of density, but let’s be creative about how we get there.
Singapore could actually be a great model, not owing to its status as a relatively new city but strictly because of local policy i.e. social ownership. New supply is an obvious requirement, but the benefits are moot without considering the question of “for whom”. Singapore is apparently a great place to do business too! A respectable port city by all standards.
Jeddah is a horrible example in my opinion, it’s the Saudi’s desperate attempt at weaning itself off oil. It’s a mere caricature of Dubai, which in itself is a vanity project representing all the problems with housing and society in general.
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Originally Posted by TheNovaScotian
I agree on the AirBnB's, those need to be regulated. I've refused to use them on vacation to my wallets dismay, standing for something usually has a cost. The issue with these older buildings being "fixed up" and charge market rates is that they aren't worth it. They can get that much because of lack of a better option, if we had other new options those older ones would fall back to the middle of the pack quickly.
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Agreed 100%, it raises the rent gap for no good reason. It’s funny to see hotels converted into homeless shelters while apartments get turned into hotels.