CanadaPolitics

I agree that subsidizing mortgages is a bad solution. The other two parties are even worse in this regard. Conservatives have proposed massively extending mortgage terms, and removing or lowering stress test requirements. Conservatives implemented many of the existing subsidies for homeowners. The Liberals introduced a brand new tax free account for housing (FHSA), which only helps those who have already maxed out their TFSA (less than 20% of the population). A tax break for the already wealthy to increase demand for housing. Idiocy. These are all way worse. So are Liberals/Conservatives even bigger idiots?

The idea that Canada can build housing top-down instead of empowering the market to do it bottom-up is ridiculous since our governments’ capacity to get anything done top-down has absolutely cratered.

The NDP obviously endorses a private housing market, so I don't know who that criticism is supposed to apply to? Do you mean there should be no public housing at all? It's not "market vs. government". It's simply delusional to think you don't need both. Every other functioning rich country, from Japan to France, Singapore to Switzerland, has public and co-op housing, including Canada. And yes, we used to build a lot more of it.

Here's the thing: like healthcare, minimal shelter isn't a choice. It's a necessity. (i.e. Demand is relatively inelastic.) So when you make it so that people cannot live without entering the housing market, it makes prices soar. Imagine if buying a house was a choice, because there's always high quality public housing if necessary. That's how it is in most Scandinavian countries. Literally no country has affordable housing provided purely by the private sector. No housing expert or major economist endorses a pure market based solution this extreme.

Alas, the sensible moderate solution of the NDP, the thing done everywhere else in the world, endorsed by experts and evidence, is seen as "unrealistic" in Canada. We are thoroughly brainwashed.