Probably the answer is in the sense that the government’s focus should not be where the prices should be but whether there are sufficient homes people can house themselves in.
Government policy moved prices up to where they are, so all three levels of government need to remedy the problem.
The thing these conversations rarely mention is that a lot of retirement savings are tied up in homes. As long as young Canadians are being gouged for rent, it’s harder to put money aside for retirement.
Right but only some are the government targeting a price (e.g. the lower downpayment for mortgages under $1.5million), but the bid to build housing does not have a similar target or parameter for housing prices on the market, since ostensibly the crown corp built housing will be a mix of market rate apartments and condo units, below market rate apartments, and supportive housing.
Government policy moved prices up to where they are, so all three levels of government need to remedy the problem.
The thing these conversations rarely mention is that a lot of retirement savings are tied up in homes. As long as young Canadians are being gouged for rent, it’s harder to put money aside for retirement.
Right but only some are the government targeting a price (e.g. the lower downpayment for mortgages under $1.5million), but the bid to build housing does not have a similar target or parameter for housing prices on the market, since ostensibly the crown corp built housing will be a mix of market rate apartments and condo units, below market rate apartments, and supportive housing.