It is rare for senior Canadian politicians to admit that home prices will need to stall if we actually care about affordability
At last, someone from the world of politics is being honest about a pervasive and harmful trade-off. When home prices rise faster than earnings, owners like me gain wealth, while non-owners lose because their incomes fall further behind housing costs.
Honesty is saying that home prices have to fall. But this is progress.
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https://www.cbc.ca/news/politics/justin-trudeau-vows-to-end-1st-past-the-post-voting-in-platform-speech-1.3114902
Yeah in 2015…aged like milk.