https://www.cbc.ca/news/canada/manitoba/...ing-malls-commercial-corridors-1.7387999
Quote:
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"What makes you think that today, by us rezoning this land, that it will not do the exact same and the same pattern that we've had with the industry, driving prices up?" Wyatt asked property, planning and development director Hazel Borys.
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Wyatt thinks the law of supply and demand takes a snooze on the issue of housing and nothing else, apparently.
jfc even if you accept his implied premise that only "luxury" units will be built, it's still stupid. Imagine you're living through a famine, starving. You'd love an abundance of cheap potatoes to arrive as aid, but for whatever reason the UN shows up with strawberries and kiwifruit. Are you going to say, "no, send this back, it's going to drive food prices
up and only makes me hungrier"? No, at worst you're going to say, "well at least there are more potatoes to go around while some of my competitors are gorging on those fancy fruits".