The problem is when your government is in the business of guaranteeing house prices go up a ton - and everyone is leveraged housing - that turns housing into a speculative meme stock and not something for people to live in - which turns out to supremely suck for anyone that doesn't own a house and doesn't want to rent progressively shittier apartments for the rest of their lives.
Canada is building plenty of housing. It's the entire economy besides oil and gas.
Sure, you might be under-building slightly in B.C. and Toronto (mostly due to your gov's immigration policy specifically to prop up your housing bubble) - but that doesn't explain why prices have been going ape-shit literally everywhere in Canada for 30 years...
Canada is building plenty of housing. It's the entire economy besides oil and gas.
Sure, you might be under-building slightly in B.C. and Toronto (mostly due to your gov's immigration policy specifically to prop up your housing bubble) - but that doesn't explain why prices have been going ape-shit literally everywhere in Canada for 30 years...