Ontario isn’t building nearly enough housing for the rate of flux in the economy. We’re 10x behind. KW is a great example, we’re still building too many cul-de-sac subdivisions with 3000sqft houses on 3000sqft lots. We can’t build enough supply that way. It’s also supply geared towards the old university-and-insurance economy not the new tech-priced-out-of-Toronto economy (hello me). This seems sustainable to me, supply isn’t keeping up.

I have a house in Kitchener but also a farm in PEC. The situation in rural Ontario is an order of magnitude worse and certain to crash. I bought farmland (with pretty bad soil) in 2014 for under $2000/acre—basically it’s agricultural value. A one acre lot across the street from me on a similar old farmstead sold for 100x that price this winter. This is not sustainable, I mean our wells go dry all summer. I get high speed internet such as it is through a complex direct LTE setup. This demand won’t last.