Re:Canada bans most foreigners from buying homes
by seanmcdirmid on Monday January 02, 2023 @09:35PM
(#34226849)
> Part of the reason is that the market is still out of whack from decades of under-building.
In the USA, anyways, many people left the home construction industry after the 2008 crash, and didn't come back when things picked up again. That means...no apprentices were trained up, experience was lost, etc...so labor costs have shot through the roof because experience is quite limited.
And try even renovating an old home! You get quotes of like $150k just to do a kitchen.
In the USA, anyways, many people left the home construction industry after the 2008 crash, and didn't come back when things picked up again. That means...no apprentices were trained up, experience was lost, etc...so labor costs have shot through the roof because experience is quite limited.
And try even renovating an old home! You get quotes of like $150k just to do a kitchen.