Quote:
Originally Posted by logan5
A metro wide land use policy needs to happen in order to curb speculation.
If speculators are capable of driving up land prices, why not start buying in Regina where it's dirt cheap, then watch their small investment grow at an astronomical rate?
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The dynamics of Regina, Saskatoon, Calgary, Winnipeg etc is very different. These cities can effectively grow when needed are are held back by purely artificial boundaries. When they run out of space they simply transfer land from the rural municipalities to the city. Draw a few lines on a map and you free up more residential lots. There is no new source of land in metro Vancouver for new residential lots.
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