this post was submitted on 03 Jun 2025
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What happened to affordable homes for everyone?
The details are here if you actually want to read them
Funny to sees this when the new housing minister says prices won't fall, because boomers need the money to retire.
https://m.youtube.com/watch?v=SozqexLpyXE
Carney himself said the same thing, prices couldn't fall.
He does say that the supply needs to be increased, which should help with prices. Demand is outpacing supply by a lot right now.
He says affordable housing. Its attempting to manipulate the language, in their definition affordable housing is government rentals, not housing actually being affordable.
Ah, true. It is specifically stated that the federal government needs to focus on affordable housing. I know provinces have housing as part of their budgets too, but I'm not really clear on how each level of governments housing budget funnels down to housing/the people.
To be fair about them saying house prices can't come down, any party would be saying that. If prices dropped enough there would be a lot of people across Canada with mortgages higher than the value of their home and that could easily turn into a bad situation.