this post was submitted on 04 Aug 2023
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Globe editorial: Justin Trudeau needs to make housing a primary federal responsibility (www.theglobeandmail.com)
submitted 1 year ago* (last edited 1 year ago) by [email protected] to c/[email protected]
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There are about 16.3 million homes in the country. Canada Mortgage and Housing Corp. last year calculated that, for prices to moderate, 5.8 million more are needed over the next decade – that’s 3.5 million on top of the 2.3 million that would otherwise be built. Look at those numbers and wonder why the Prime Minister held a press conference for 214 homes. Look at those numbers and consider the national housing strategy’s modest impact, 107,519 homes, so far.

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[–] [email protected] 5 points 1 year ago

Both levels of government are responsible. Pretending anything otherwise is ignorant. The provinces have the majority of tools to solve this by taxing domestic speculators high amounts to force them to stop hoarding stock and in provinces like Ontario uploading public housing to the province as municipalities can't generate the revenue required to pay for it.