yeah, but in 1975 the average household income was 50k. Now its 92k. The cost of a house in Toronto (and everywhere in Ontario) went from being 60k (120% of annual average family income) to 1.1m (1200% annual average family income).
"Go somewhere else" - They did that - and Halifax housing prices tripled in 3 years, from 310% annual average family income to 840% annual average family income.
We need to build more houses or have fewer people, but instead we're slowing down on building and importing new people as fast as we can
Someone who says the solution to the housing problem is to move somewhere horrible with no jobs, no culture, no services, horrible schools so that my children can waste their future, never mind if I want to go out and do something one in a while. These places are so awesome that the depression and suicide rates are far higher than in real cities.
Maybe you like living in such places. But the solution to the housing crisis cannot be to give up on having a reasonable life for most people.
You want to live in the top cities but you want mid city prices? Toronto wasn't always top city. It was known as hogtown and when people feared Quebec leaving Canada in the 1970s many in Montreal moved to Toronto. Vancouver wasn't an expensive city until China took over Hong Kong and many moved to Vancouver. Today many smaller cities are popping and posed for growth.
The culture argument is biased. People leaving Montreal for hogtown in the 80s probably felt the same way. But Toronto's cultural aura grew. Saying that the culture of say Miramichi or Yellowknife is horrible and your kids future will be wasted if you don't live in downtown Toronto is a little naive.
Young people are flocking to smaller towns because of affordability. Culture is being made there. Why do you want to live with older folks and try to relive there heyday in places they made big?
For jobs. Stick to remote. The longer these in person positions go vacant the more likely they become remote jobs. Be part of the solution.
> Someone who says the solution to the housing problem is to move somewhere horrible with no jobs
The stated solution was always to move to where the jobs are. Perhaps counterintuitively, the trouble with high housing prices is that even the job providers don't want to live there. In fact, through the mid-to-late 2010s as Vancouver and Toronto became unmanageable, the strongest job market in Canada was in a predominantly rural area with an average home price of $200,000.
The trouble is that people eventually take notice, so it is always a moving target. The average home in that rural region is now $700,000 as people have pushed their way in to bask in the job opportunity. Which, of course, also means the job market is no longer as strong (although remains stronger than a lot of country according to September data – the decline takes time) as job providers have started moving to more prosperous ground again. You can't say "move to <location>, problem solved" because as soon as you do, <location> will necessarily need to change to somewhere else.
A story as old as time, of course. Canada wouldn't exist at all if people weren't always needing to find a new location. That is life, I suppose.
"Go somewhere else" - They did that - and Halifax housing prices tripled in 3 years, from 310% annual average family income to 840% annual average family income.
We need to build more houses or have fewer people, but instead we're slowing down on building and importing new people as fast as we can