this post was submitted on 31 Aug 2023
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Honestly, the problem with dumps being listed for such high amounts isn't entirely because of our disgusting housing market. It's because people are so desperate to live in or near big cities like Toronto, Vancouver, etc..
Canada has too many people in the same places, we're a huge country, how about everyone spread out a little.
I think people typically migrate towards job opportunities. I was hoping with the remote work push that we would be sprawling out more.
I live in the Greater Toronto Area because I'm near friends and family. If it wasn't for family, I'd be in Alberta to be honest.
Don't get me wrong, I completely understand why this happens and I hold nothing against people in your situation. Remote work did make a difference, I live about 4 hours from Toronto near Sudbury. The amount of people from Toronto that came down here and bought property during covid was crazy. Constant biding wars with people who had millions of dollars. It made it very hard for us to get a house.
The problem isn't with the individual. It's because this is how our province is setup. Toronto essentially controls the rest of Ontario. The government is talking no steps at all to alleviate this issue. Investments in more job opportunities and infrastructure in other parts of the province might make people actually want to go there.
@PM_ME_YOUR_ZOD_RUNES @lobut
In part it happens because the province outlawed bonusing in the Municipal Act, preventing municipalities from offering businesses benefits to move there (free land, tax breaks, etc). That helped concentrate business & industry in the GTA.
We saw a similar housing crunch in Collingwood, although it began before the pandemic. Now it's hard to find any houses under $800K, and many sell for >$1M. MPAC is part of the problem, too.