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Should home prices go down? ’No,’ says Canada’s new housing minister (globalnews.ca)

submitted 4 days ago by cm0002@lemmy.world to c/canada@lemmy.ca

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[-] kbal@fedia.io 0 points 3 days ago

The current problem is that housing prices are too high and must come down. Getting the government back into the business of directly building affordable housing is one effective way to accomplish that. If whatever they do doesn't bring prices down then they haven't done enough, and the problem remains.

[-] Arkouda@lemmy.ca 1 points 3 days ago

Getting the government back into the business of directly building affordable housing is one effective way to accomplish that.

Is this not the plan?

[-] kbal@fedia.io 1 points 3 days ago

To quote the minister, "no."

The Globe and Mail pointing out the obvious a year ago: "Cutting shelter costs while ensuring that homeowners’ property values remain high could be viewed as contradictory."