A study released this week found that in Canada in 2020, there were up to 1,340,364 vacant homes, comprising 8.7% of all homes in the country.
Source: Study estimates over 1,340,000 empty homes in Canada
Well that does kinda explain why no one wants to build houses.
“The figures are confounding when considered against the fact that many analysts cite low supply as one of the major issues in the real estate market today and a reason why so many are struggling to buy homes for reasonable prices. The obvious question is, where are all these vacant homes, and why are they going unused?”
Sadly the articles doesn’t have an answer. It mention there’s 3x (or 4x?) empty houses than homeless poepel here. but giving people things is a moral hazard, so whatayagonnadoo?
