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Fifty years in the making of Ontario’s housing crisis – a timeline - Canadian Centre for Housing Rights
(housingrightscanada.com)
this post was submitted on 19 Apr 2025
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It took a long time to get here. It'll take time to get out.
It doesn't have to. But the CPC and LPC are setting low targets for production, so we shouldn't expect many units to be built. On top of that, neither are suggesting tax changes to discourage the financialization of housing.
So it'll take a long time to get out, because there's little political will to change the current system.
This is the big one. You can build as many houses as you want and it won't help regular people if investors keep buying them all up.
That's why I'm intrigued by Carney proposing the build Canada homes company..... Will be interesting to see since we did something like that during WW2 that saw the feds build the housing and set the price?