Quote:
Originally Posted by BobLoblawsLawBlog
Immigration is also a big factor in high housing prices. If the Government wasn't cramming tens of thousands of people into the city the prices wouldn't be as high. More people in an area with low supply makes higher demand-high prices. Rich foreign investors aren't 100% the reason.
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Immigration still plays a smaller role than foreign investors. You can make up for immigrant demand with supply. You can never build up enough supply for foreign demand.
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