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Apparently the "free market" can solve its own problems.
Make living in one place too expensive and people will leave, meaning those landlords (and others who are overcharging and excessivley profiteering) will suffer or be forced to lower prices.
.
Or maybe, an unregulated free market isn't the most effective way to run a society...
an unregulated free market isnโt the most effective way to run a societyโฆ
Perhaps that is true, but there is no market not regulated in Canada. And housing in particular is one of the most regulated markets around.
What is your intent for this hypothetical tangent that does not logically follow anything else found here?
Is that a problem?
The affordability crisis in the first half of the 20th century saw people leave their unaffordable homes for affordable places like Toronto. Their home regions unquestionably suffered for it, but Toronto was able to flourish because of it.
Maybe it's okay to see new places get their turn? After all, Toronto would just be a poduck town if such movement never happens. Did nothing good come of Toronto's massive growth?
It did allow Toronto to become the business capital of all of Canada. It was previously Montreal.
People didn't move to Toronto from Montreal because it's more affordable. They moved because of the language laws that make English speakers second class at best in Quebec.
the language laws that make English speakers second class at best in Quebec
Weren't those passed in the 1990s? I thought businesses moved their headquarters out of Montreal in the 60s and 70s with the threat of separation (and FLQ bombings).
I didnโt mean to claim that Toronto was more affordable than Montreal, simply that Toronto previous affordability allowed it to become what it is today.
It was more about the Quebec independence referendum. Before that, Montreal was the economic capital of Canada.
You make a good point. With immigration, Canada's population will grow. Toronto cannot be the only city to which people move to.
I love my city of Toronto but as a young person I, too, moved out.
I'm hoping Olivia Chow will breathe life back into the city and make it livable for everyone.