Per square foot (or however many beavers or whatever Canada uses) expensive housing earns more than an affordable one of the same size.
So developers keep building fancy housing no one can afford that sits empty, while the lack of affordable housing causes homelessness.
It’s technically making more housing available, just not for the people who need more housing.
Like if there was a food shortage so the government started subsiding caviar and champagne. Sure, they’re helping with food availability, it’s just not helping anyone that actually has food insecurity
Yeah, this article is about US.
But I do think Canada has the same problem.
Per square foot (or however many beavers or whatever Canada uses) expensive housing earns more than an affordable one of the same size.
So developers keep building fancy housing no one can afford that sits empty, while the lack of affordable housing causes homelessness.
It’s technically making more housing available, just not for the people who need more housing.
Like if there was a food shortage so the government started subsiding caviar and champagne. Sure, they’re helping with food availability, it’s just not helping anyone that actually has food insecurity