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Just build cheap, public housing and a lot of it and it will bring down the cost of real estate and rent for everyone. Governments know this, but they do not want to impact the high value of real estate as it will impact their chances of winning another election. Canada let in millions of new immigrants which is great and makes the country wonderful overall all, but at the same time the supply of homes has not kept up at all so naturally demand is way up and supply has not really increased. Perfect storm to drive up real estate prices and make the rich richer. The thing is though, it is not sustainable and leads to society collapse if not rectified. Hard to rectify when you are balls deep kissing the wealthy’s asses as they for sure do not want to loose their billions. Canada has put themselves in an impossible position where doing the right thing for the masses,does not make financial sense. It is disgusting and really makes has killed my faith in government.
Just build cheap, public housing and a lot of it and it will bring down the cost of real estate and rent for everyone. Governments know this, but they do not want to impact the high value of real estate as it will impact their chances of winning another election. Canada let in millions of new immigrants which is great and makes the country wonderful overall all, but at the same time the supply of homes has not kept up at all so naturally demand is way up and supply has not really increased. Perfect storm to drive up real estate prices and make the rich richer. The thing is though, it is not sustainable and leads to society collapse if not rectified. Hard to rectify when you are balls deep kissing the wealthy’s asses as they for sure do not want to loose their billions. Canada has put themselves in an impossible position where doing the right thing for the masses,does not make financial sense. It is disgusting and really makes has killed my faith in government.