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The consumer extrapolates that prices will continue to rise, and reacts by jumping into the market. Demand quickly exceeds supply; prices rise exponentially and this consumer expectation ferments speculation… and a bubble begins to form.
The unintended consequence of inclusionary zoning will be higher prices for market housing and less affordable accommodation to subsidize the affordable units. READ MORE
“The housing recession is almost over,” were the opening remarks from Peter Gilgan, the founder and CEO of Mattamy Homes at a recent Urban Land Institute “fireside chat” at the Board of Trade. I have had the distinct privilege to follow Peter’s remarkable career since its inception in 1978. He explained the secrets to his amazing success as these ...