this post was submitted on 10 Jul 2025
36 points (100.0% liked)

Canada

10111 readers
970 users here now

What's going on Canada?



Related Communities


🍁 Meta


🗺️ Provinces / Territories


🏙️ Cities / Local Communities

Sorted alphabetically by city name.


🏒 SportsHockey

Football (NFL): incomplete

Football (CFL): incomplete

Baseball

Basketball

Soccer


💻 Schools / Universities

Sorted by province, then by total full-time enrolment.


💵 Finance, Shopping, Sales


🗣️ Politics


🍁 Social / Culture


Rules

  1. Keep the original title when submitting an article. You can put your own commentary in the body of the post or in the comment section.

Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage: lemmy.ca


founded 4 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] humanspiral@lemmy.ca 3 points 23 hours ago (1 children)

I don't get how 6 plexes make North York or Etobicoke worst. Zoning allows 2 4plexes side by side?

[–] FireRetardant@lemmy.world 3 points 11 hours ago (1 children)

But if we actually start increasing housing supply the real estate investors won't make as much money

[–] humanspiral@lemmy.ca 2 points 10 hours ago* (last edited 2 hours ago) (1 children)

Home owners/capitalists do appreciate scarcity. More/denser housing units is more city property taxes, more retail availability and income taxes/revenue, and more jobs, also more tax revenue. All of that supports more housing demand and higher property prices too. If you were the only one left in Toronto, I guess you wouldn't need/have any services. But property value would go down from $200/sq foot rental value to $1.

[–] FireRetardant@lemmy.world 1 points 10 hours ago

Values won't drop because for the most part we aren't destroying existing housing but demand is still increasing. Toronto is still growing we are just expected to rent out individual rooms and basements instead of building new, real apartments because somebody who bought 40 years ago is worried a couple of sixplexs will ruin the "character" of neighborhood.