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I'm not sure if you live in Toronto or Vancouver or elsewhere, but I have noticed a lot of comments like yours are from Bay area residents. It's a valid comment for the Bay area, but not in Canada where the nature of the situation is quite different. In Vancouver the construction industry has been going more or less full throttle for the past decade or more, and the city is being continuously rezoned for higher density. Supply is still short but it's not for lack of construction.



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