You assume they actually want to fix it. Trudeau has said himself that housing needs to retain its value. Carney is a central banker, he has never cared about home prices either; low interest rates are created to juice money supply growth to the wealth effect and aggregate demand. Sean Fraser is back too.

For profit housing is not why the housing market is unaffordable. The housing market is unaffordable because of mortgage subsidies, overly restrictive zoning laws, and the fact that we tax buildings instead of land.