Steel construction is pretty quick compared to reinforced concrete!
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and a slight slowing of the condo boom (just enough to control rising prices while still reflecting a demand to live downtown).
Reduced construction will raise prices, not lower them.
Again, slight slowdown. Not a market crash or a complete halt to construction. Also, increased construction ≠ reduced prices. If anything, increased construction results in greater prices by increasing demand to live in an area and increasing the value of the land.
Sorry, but that's just not how prices work.
Neither is what you're saying... Markets don't follow exact rules of supply and demand, especially when it comes to land, labour and capital. That's basic economics...