Posted Mar 5, 2020, 2:58 PM
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Registered User
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Join Date: May 2010
Posts: 8,751
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One would think that enough new buildings are built to outpace our growth rate, than the increased vacancy rate should drop prices overall, especially in the older, less-desirable buildings.
I don't have any data to prove whether that will happen though, but it seems like a simple supply/demand situation. Hopefully this will improve soon, as I would hate to see Halifax trending towards a Vancouver/Toronto situation, where it becomes too expensive for the average person to find a decent place to live.
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