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A comment on Canada bans foreign home buyers for two years. Parent comment

Re:Canada bans foreign home buyers for two years by usrn on Tuesday April 19, 2022 @08:56AM (#31082464)
It's both supply and demand. You need construction and limited immigration. That's why for example Tokyo is so cheap.
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Re:Canada bans foreign home buyers for two years by bombcar on Tuesday April 19, 2022 @11:11AM (#31084216)
Technically you just need construction to outstrip people looking for homes.

One of the problems is people can move quite quickly from one side of a country to another, it's a matter of weeks. But from empty lot to new house is a matter of months at best, years at worst.

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Re:Canada bans foreign home buyers for two years by usrn on Tuesday April 19, 2022 @11:58AM (#31084923)
Immigration must be limited to the degree that construction can happen. Because it can be raised almost to an arbitrarily high degree it's very easy to overwhelm domestic home production.
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