From faster approvals to hiring more workers, governments need to step up: experts
Peter Armstrong · CBC News
Tokyo has affordable units, but not per square foot which is what I said. The average family lives in less than 200 square foot per person. Half the Canadian population wouldn’t even fit in a Japanese sized bathroom because they’re too fat. The unit sizes is so small even our micro apartments here look massive.
A detached single family home in tokyo is often less than 700 square feet on 400 square feet of land. This level of density simply isn’t necessary in Canada, and we shouldn’t be using it as a model of affordability.
The reason Montreal is cheap is because its French and nobody wants to live there. Very little growth.
I honestly don’t know where you’re getting your information from. Homes in Tokyo are famously very affordable, and units are bigger than in comparable cities like New York or Paris. This is very well known in the urban planning community, so it goes to show you’re new at this topic and making things up.
Montreal has had a growing population for years. The Francophonie is huge and Montreal is a popular destination. Your anti-French bigotry is showing. Last time they had a speculation bubble in the early 2000s, they quickly built more affordable medium density supply and the bubble receded.
That article you linked is just straight up wrong, it says Tokyo grew by over a million people in the last 10 years. 2013 population was 37.116m and 2023 is 37.194m, that’s a growth of only 78,000 people over a decade, and equates to a growth rate of 0.2% over 10 years, or 0.02% per year. It peaked in 2018 and has been declining since. https://www.macrotrends.net/cities/21671/tokyo/population
Yet prices still went up around 20% over the last 5 years. https://fred.stlouisfed.org/series/QJPN628BIS
They say it’s affordable, but they also forget that affordable doesn’t mean “cheaper” it means “cheaper as a percentage of income” The average income in New York is almost twice that of Tokyo. https://versus.com/en/new-york-vs-tokyo/avg-salary
I’m hardly new to this topic, I’ve lived in Japan multiple times. Every time I see an article about affordability in Tokyo it’s written by someone who has never actually lived in 120 square feet. I’ve slept on a 1 inch thick mattress that I had to put away to use my apartment during the day, have you?
Urban planners are not who we should be looking to. They’re given direction by politicians, they don’t get to set the policies that would optimize for affordable housing.
Affordable housing doesn’t exist for one simple reason, there are too many owners who benefit from using their housing as an investment. 65% of all residential properties are owned by the family living in them. Until we remove the ability to make money off simply living in a house, they will never be affordable. Convincing voters of that is going to take another few decades at the very least.
Talking to someone like you, who is “doing their own research” is infuriating and pointless. It is impossible to convince someone who just rejects mainstream research and misinterprets information “on their own”.
Your personal research on this topic is wrong. House prices shot up everywhere in the world due to the pandemic, but less in Tokyo than elsewhere. Population went down in cities everywhere in the world due to the pandemic and WFH, so acting like this is some trend of decreasing population in Tokyo is just deeply ignorant. New York, San Francisco, Toronto, Vancouver, all had a decrease in population due to the pandemic.
affordable doesn’t mean “cheaper” it means “cheaper as a percentage of income”
I’m not sure what point you’re trying to make. That is precisely how Tokyo is more affordable than Canada. Housing prices are WAY less than half of New York. It’s truly remarkable that you think New York is more affordable than Tokyo!
I also lived in Japan and speak the language fluently, and I met a lot of people like you who barely spoke the language and came back home acting like experts. Here is a $1.18 million USD home in Meguro city. It is over 2300 square feet! Garage, terrace, three large bedrooms, and way more nearby amenities than most Canadian cities. Also, this is freaking Tokyo! Comparing it to Hamilton is ridiculous. And yet, it’s still more affordable!
Affordable housing doesn’t exist for one simple reason, there are too many owners who benefit from using their housing as an investment.
And not ever because there is not enough housing?? After WW2, Canada built tons of new homes for returning vets. Are you saying housing would have been JUST AS affordable if we didn’t? That’s such a ridiculous idea, I don’t know how someone could believe it. Yes, make it hard to treat housing as an investment, but we also need people like you to stop obstructing supply.
