Toronto builds ~3x new units per capita every year compared to NY, let's hope th... | Hacker News

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analyst74 on July 14, 2022 | parent | context | favorite | on: Manhattan rents cross $5k threshold for first time

Toronto builds ~3x new units per capita every year compared to NY, let's hope they don't slow down.

godelmachine on July 14, 2022 [–]

Yep, new projects are fast upcoming in GTA's as well and newcomer immigrants prefer buying their own homes within 5 years of arrival.

In Toronto they lease their basements too which is not seen much in NYC.

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