89
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
89 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.
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.
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/