As always, the Fraser Institute is shitting on ideas that could help the 99%, and saying government should rEmOvE ReD tApE.
I really want this to work. But the announcements I’ve seen for the building plan only address the supply side and ignore the problems on the demand side: people who own houses are able to pump up the cost of new houses; tax law encourages Canadians to treat their primary residence as an investment; real estate is used for money laundering (at least in some jurisdictions); mortgage fraud is a thing (at least in some jurisdictions); renovictions are used to pump the cost of rentals; and rent caps aren’t available in many jurisdictions.
Anyhow, here’s hoping the investing in modular housing succeeds, rezoning somehow lowers prices, and the feds are able to push housing starts to the moon.
Totally. Something is better than nothing.
But there’s a political risk that needs to be addressed quickly: many Canadians are getting priced out of their homes now, while others are unable to save for retirement. They see older Canadians making out like bandits on primary residences they bought 10+ years ago and they’re justifiably angry.
These people are probably going to vote Conservative in the next election if they don’t see an improvement.
It’s unclear if the current LPC plan will provide housing relief within four years.
I find it funny how someone who thinks the Liberals would think the Conservatives would make it better. Almost as funny as the idea it only took 10 years for the housing market to get to this state.