Housing affordability is a perennial concern in Toronto. One policy that has been discussed is changing zoning
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Question:
Housing affordability is a perennial concern in Toronto.
One policy that has been discussed is changing zoning policy (e.g. changing height restrictions, or allowing multi-family units to be built in neighborhoods zoned for single-family homes). Another is easing up restrictions to qualify for a mortgage.
Explain (using the demand-supply framework) what you think would happen to house prices if both these policies were enacted.
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