News flash:
The cities with the highest density in North America are the most expensive.
Los Angeles
San Fransisco
Miami
New York
It’s not rocket science. Tragically only one of our council members is an economist. The rest have few skills. They have never really had real private sector jobs.
Is that a chicken and egg thing? I'm not sure that density means higher prices automatically... I think there are a lot of examples.
February 2022 data shows the average residential house price in BC's capital hit $1,041,068—a jump of around $175,000 from the previous February when the average price was $865,235. In Victoria, the land area is 696.15 square kilometres with a population density of 495.0 persons per square kilometre
The average price of a home in Calgary was $532,093 in April 2022. Currently, it compares to be 4.6% higher than it was in the same month of ... The land area of Calgary (City) is 825.56 square kilometres and the population density was 1,501.1 people per square kilometre.
There have to be many other factors... Eventually a price is simply too high for buyers to buy it... I find this a hard thing to pinpoint..
Edited by Ismo07, 03 June 2022 - 02:55 PM.