Quote:
Originally Posted by Dr.Z
Waterloo Warrior has nailed it. It goes back to post WWII and ensuring there is enough supply to meet the expected demand. If there is not enough supply, pent up demand would increase housing prices.
What is interesting lately is that the demand is falling off faster due to life choices and hence its expected that there will be less required supply. Depending on who you talk to and their point of view of course.
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Also it isn't a "closed market" either. If the boundaries are permanently locked in Ottawa and no development takes place, outlying municipalities will take advantage and they will capture a large part of the growth.
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