Residential Real Estate in your city

[edale]

It's kind of amazing to me that there seemingly isn't much outcry from Canadians about the artificial, government imposed land constraints driving housing prices to absurd levels. Yes, it's great to want to limit sprawl and preserve rural areas, but when a tiny bungalow is going for $6million in Vancouver or $3million in Toronto, it seems like the greenbelt is due for an adjustment. Canadian metros already are pretty tightly contained. There's not nearly as much sprawl as US metros, and the sprawl that is built is pretty dense-- think LA or Vegas style rather than Detroit. The housing market is ridiculous in most Canadian metros and it's basically because the government says fields should remain as fields, all while accepting huge numbers of immigrants, many of whom basically buying their way into the country. I'm far from a MAGA type, but that dynamic would drive me crazy.

I can understand the greenbelt restrictions in Vancouver better than Toronto. As the only temperate region in Canada, southern BC does need to preserve land for agricultural use, and space is very limited due to the mountains. But Toronto could easily expand further into the vast Ontario countryside without much downside other than the ills of sprawl.