this post was submitted on 14 Aug 2023
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Long way home: Blamed for affordability crisis, Liberals look to pivot on housing (www.cp24.com)
submitted 2 years ago* (last edited 2 years ago) by girlfreddy to c/canada
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"This has become probably the most important both economic and political problem facing the country right now," said Tyler Meredith, a former head of economic strategy and planning for Finance Minister Chrystia Freeland.

"And especially given the significant emphasis the government has put on immigration and the relationship between immigration and the housing market, there is a need to do more."

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[–] floofloof 5 points 2 years ago* (last edited 2 years ago) (1 children)

They don't want to bring the prices down because they've made their own wealth and that of other wealthy property owners, and a good chunk of Canada's economy, dependent on the prices staying high. So they have to pay lip service and make statements about how they want to make housing affordable without actually, you know, bringing the prices down.

[–] Magrath 8 points 2 years ago

They also don't want to bring it town because the dumb homeowners will just blame the current government when the prices correct themselves. It's suicide for any party to willingly tank the housing prices. It's only gonna get worse the longer we wait to do it. And it's gonna be global because we aren't the only country effected by it.