Quote:
Originally Posted by whatnext
I’m happy to see demand disappear for luxury units. That means more building sites for non-luxury rentals and condos. Hopefully the disappearance of luxury demand will deflate land prices too. You’re right, government needs to become more involved especially to see that construction continues despite a slowdown.
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What slowdown? There are fewer housing sales, but there's no slowdown in housing construction in the City of Vancouver.
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