Bifalgorithm post

This is a small bit of news that can have a big impact in improving home affordability in Toronto in the future. The federal government is doubling the number of permanent residents spot for skilled labour trades from 500 to 1000. According to the article, the construction sector had over 28,000 job vacancies in Ontario last year. So while this is a step forward, it really is just like a cup and a bucket of water. One of our biggest bottlenecks to improving home affordability over the next 5 to 10 years will be our actual ability to build homes at lower costs. You can give away parts of the Southern Ontario Green Belt for pennies on the dollar, you can slash municipal development fees, you can jack up interest rates which will decrease demand of construction materials bringing down the raw cost of construction. But there's still a giant hole of skilled construction labor that needs to be narrow. So for real we need more of this

This is a small bit of news that can have a big impact in improving home affordability in Toronto in the future. The federal government is doubling the number…