this post was submitted on 15 Aug 2023
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Canada is in no danger of building too much supply too quickly. We have some of the lowest housing starts in the developed world. We build less than almost anyone. I agree that, for how little we build, quality is shockingly low, but that’s actually a symptom of low supply, not high supply. When there’s too little housing, consumers take what they can get, even if it’s terrible. Imagine the quality of food in a small town with only 1 restaurant, vs that same town with 20.