December 19th, 2015
As mandated by government intensification policies, the industry is building far more high-rise condominiums and far fewer low-rise homes than it did 10 years ago. However, demand for single-family townhouses, detached homes and semi-detached homes has not diminished. Demand is outpacing supply, and the result is reduced housing choice and higher prices for new and resale low-rise homes. Supply is limited due to a lack of land that is serviced with infrastructure and designated for development, both of which are controlled by government.