Angry NIMBYs are making Canada housing shortage worse with campaigns to block developments


Image by:

That such a minor thing — the addition of a single house in a city of nearly 7 million people — could cause such an uproar illustrates why Canada’s housing market, already one of the world’s most expensive, is almost certain to get even pricier in 2022 and beyond. The country’s population is booming. It’s growing at twice the rate of the U.S. and faster than any other Group of Seven nation. Most newcomers land in a handful of large cities, and Prime Minister Justin Trudeau’s government is promising to boost immigration levels even higher. Canada simply needs more houses. But local governments are often too feeble to overcome opposition to even minor building projects such as the Zahedis’.

Continue to read on: FINANCIAL POST