Developers limit production to keep home prices high, Mississauga report says — a claim the builders’ association calls ‘absurd’

The staff report casts doubt on the province’s housing affordability task force recommendation that curbing municipal permissions for homebuilders would lead to lower housing costs.

Source: Developers limit production to keep home prices high, Mississauga report says — a claim the builders’ association calls ‘absurd’

“What we’re saying here is that developers are interested in phasing growth so that they will always command the maximum the market will tolerate for any unit,” he said in an interview.”

but then:

“The Building Industry and Land Development Association (BILD), whose president sat on the task force, pushed back on Whittemore’s suggestion that developers were staggering growth specifically to manage downward pressure on prices — with spokesperson Justin Sherwood calling it “absolutely absurd” given the level of demand for housing across the GTA markets.”