Indeed. We need a lot more small apartments for individuals. It goes against conventional wisdom that we need more "family-sized homes" but in reality every jurisdiction just needs a ton of 1-bed units.

Toronto overbuilt tiny condos and now prices are down 15% from 2023 peak. Other types of house prices are roughly stable.

Hard to draw too many conclusions since "down 15%" is still "way to fricking expensive", but...

"overbuilt" seems editorial. Drive the price to zero. Nobody says that we overproduced potatoes just because they are all ten kilos for a dollar.

They certainly do say that about potatoes in producer contexts.

True, but our response (in America) is just to pay off the producers to keep food market prices low.

Furnished is doing a lot of work here; local warehouse jobs start at enough to afford a 420sq studio; the 1b would be 750sq ft and barely affordable.

Furnished, at the time, cost almost nothing. It wasn't even furnished by the lessor, it was a separate local furniture company, their monthly was very low and they delivered when you moved in and hauled it off when you moved out, included in the fee.