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Trudeau says housing needs to retain its value
(www.theglobeandmail.com)
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this post was submitted on 29 May 2024
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Land should retain its value, houses should deteriorate just like they do physically.
Like in Japan
Fyi. Japanese housing structure lifespan is rather unique.
https://en.m.wikipedia.org/wiki/Housing_in_Japan
An unusual feature of Japanese housing is that houses are presumed to have a limited lifespan, and are often torn down and rebuilt after a few decades, generally twenty years for wooden buildings and thirty years for concrete buildings – see regulations for details.
Helps that they have a lot of earthquakes that tear buildings down in their own. New construction takes an evolving, anti earthquake designs into consideration.