VAUGHAN, Ont. - Liberal Leader Mark Carney says his government would double Canada’s rate of residential housing construction over the next decade to nearly 500,000 new homes per year.
That said, I think there’s a better chance this to materialize because I think Carney knows he’ll lose the next election if he doesn’t deliver on this file. This isn’t 2015 when things were not great but tolerable. We have a huge homeless population which is not limited to the largest cities anymore, and the cost of housing is hitting every part of the economy. The knife has hit the bone for way more people today than even a few years ago. So while I completely agree with the skepticism, I have a sliver more optimism this time around.
I’ve been concerned that we might get a giant influx of Americans, who have more purchasing power with that strong USD and would price Canadians out of any and all housing. Plus building aggressively like this is a good stimulus to the economy. Let’s hope it works.
100%
That said, I think there’s a better chance this to materialize because I think Carney knows he’ll lose the next election if he doesn’t deliver on this file. This isn’t 2015 when things were not great but tolerable. We have a huge homeless population which is not limited to the largest cities anymore, and the cost of housing is hitting every part of the economy. The knife has hit the bone for way more people today than even a few years ago. So while I completely agree with the skepticism, I have a sliver more optimism this time around.
I’ve been concerned that we might get a giant influx of Americans, who have more purchasing power with that strong USD and would price Canadians out of any and all housing. Plus building aggressively like this is a good stimulus to the economy. Let’s hope it works.