this post was submitted on 02 Aug 2023
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It's all within the mandate of CMHC, they have used the tools to achieve this before.
Housing plans. Municipal planning. Housing construction. Planned, self-contained, communities. Housing quality improvement. Urban renewal. Density enforcement. Non-profit low income housing.
These are all things CMHC has done in the past, and can do again in the future.
Curbing immigration may help housing, but I don't know what the impacts to that on the labour for are. We're already in a labour crunch and using foreign workers.
Realtors are one I hadn't thought of. They should go the way of travel agencies, or be replaced by non-profits of there is something about them I'm missing.
I keep hearing about this labour crunch, and yet as someone who builds houses as a job (carpenter) this is the slowest summer since 2020 for building houses in Alberta. The builders only seem to want to build pre-purchashed houses and have limited the "spec" houses they build and sell later. It's the same for a lot of friends we have in the industry, people are scrambling to find work, not workers.
And I've been putting out resumes to nearby industries & not getting much attention. So really, how much is there a real labour shortage, and where? Because the 4th & 5th biggest cities in the country aren't doing so well.
Industries 62, 72, and 81 are all above 6% vacancy.
Construction had 64k vacancies last quarter, 12k of those in Alberta.
I get it, it sucks when the jobs aren't where you want to live, I've moved my family 6 times (in 15 years) for work, it's harder every time.