90
Entry to housing market feels out of reach for 76% of non-owners: CIBC poll
(ca.finance.yahoo.com)
this post was submitted on 11 Apr 2024
90 points (98.9% liked)
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I don't think anyone can say the current federal government has done anything but shrugged off responsibly for housing affordability even though they campaigned on it and thrown money at the problem.
In this instance they're just getting Canadian to tie in even more of their future financial well being into their dwellings.
Housing is the jurisdiction of the provinces. There's limited latitude with which the Federal government can act.
They're not using those enough, but let's not act like it's all the fed, and not the provinces choosing to fuck us over too.
Much of the tax system that favors using housing as a investment is from the federal level as well as the demand side. You get taxed more for building average dwelling then you would flipping a place.
At no point did I state it was entirely the federal governments fault, they're the ones that said they would do something about it.
The levers available to the Federal Government in this area are few; the Provinces hold most of the cards when it comes to housing, and it disgusts me that all too many of my fellow Canadians have so little clue as to how the system works that they blame the Federal Government (and/or “Trudope”), while letting their Provincial leaders (the majority of which are Conservatives) off the hook.
Just today we’re seeing the Premiere of Alberta attempting to halt some of the Federal Governments deals with the municipalities to enhance housing supplies — purely because if they let the Feds provide assistance they won’t have a cudgel to hold against them anymore. It’s you don’t do enough to help and we won’t let you!
The only policy solution to the current housing woes is more housing supply. And that’s ultimately in the hands of the Provinces.
What disgust me is that every time I criticize the Conservatives people think I blindly support the Liberals and every time I criticize the Liberals people accuse me of being a Conservative supporter as if there was only 2 parties in this country. For anyone wondering we've had more the two parties regularly since 1921.
Also you prove yourself wrong in your next paragraph.
It's as if higher level of government can and do interfere with thing outside of their jurisdiction.
BC: Municipalities will be forced to allow more townhomes, multiplexes and laneway homes
There will never be a supply solution as long as 99% of housing is built only for profit. We don't even have a taxation system the favors housing development over flipping houses.
Same thing is happening in New-Brunswick, with a conservative majority.
In early November, Premier Blaine Higgs reportedly said he was considering legislation to block federal housing funding from being given directly to municipalities.
Because no help is better than Trudeau getting the credit.
https://globalnews.ca/news/10096963/premier-blaine-higgs-federal-housing-funds-moncton/