this post was submitted on 20 Jun 2024
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The assumption that they're freeing up other capacity isn't necessarily true. There are several counter samples on my mind and there are probably more.
In fact one of the main points of the article is that Montreal has been building faster than population growth and housing is still drastically going up in price.
That's because Montreal doesn't exist in a vacuum. It's maybe the only city in Canada with a remotely good approach to urbanism, and as a result one of the most affordable cities to buy housing in Canada. So there is added demand for Montreal real estate from the rest of the country, which contributes to rising prices.