Ottawa must deploy its fiscal heft to help build affordable housing as zoning is opened up
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.
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.
I don’t believe the federal government can fix the problem if the provincial governments don’t want help.
Considering the federal government is taking the brunt of the provincial government failures it’s not really surprising the provinces aren’t rushing to take action.
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You don’t think the federal government has any responsibility for the housing crisis?
Not OP but it’s clearly both a provincial and federal issue.
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.
I don’t believe the federal government can fix the problem if the provincial governments don’t want help.
Considering the federal government is taking the brunt of the provincial government failures it’s not really surprising the provinces aren’t rushing to take action.