• sbv@sh.itjust.works
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    4 days ago

    It doesn’t have to. But the CPC and LPC are setting low targets for production, so we shouldn’t expect many units to be built. On top of that, neither are suggesting tax changes to discourage the financialization of housing.

    So it’ll take a long time to get out, because there’s little political will to change the current system.

    • OutlierBlue@lemmy.ca
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      4 days ago

      neither are suggesting tax changes to discourage the financialization of housing.

      This is the big one. You can build as many houses as you want and it won’t help regular people if investors keep buying them all up.

      • Thepotholeman@lemmy.ca
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        3 days ago

        That’s why I’m intrigued by Carney proposing the build Canada homes company… Will be interesting to see since we did something like that during WW2 that saw the feds build the housing and set the price?