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.
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.