Quote:
Originally Posted by hipster duck
We (I'll put myself in that camp) just think it's disingenuous to post a picture of a niche development in Cambridge where homes cost £1.7 million (CAD 2.9 million) and claim that is "the norm" in other countries, and then compare these favourably against Canadian starter homes in subdivisions.
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Another point that seems overlooked is that the true market share of these properties can be very different from how noticeable they are in our cities. In many Canadian cities the median newly-constructed unit isn't even a house anymore, it is an apartment or condo. But we tend to underweight those because they take up less land.
The middle range of housing in the suburban starter home to McMansion range is but one segment of the market and it's shrinking, while multi-unit and designer high-end homes have exploded in relative terms (lots of multi-unit, way more high-end as a % but still a small % of the total).