The likely responses to this are a) a pied-a-terre tax on unoccupied residential structures, and b) authorizing a LOT more construction, probably by increasing permitted density, which will lead to a lot of single-family structures and townhouses being replaced by condominium towers.
There are similar issues in Toronto, but here we are building new towers on every corner, or near enough. Toronto, fortunately, has plenty of room to spread in three directions.
There are similar issues in Toronto, but here we are building new towers on every corner, or near enough. Toronto, fortunately, has plenty of room to spread in three directions.