With house prices rising and homeownership becoming increasingly impossible for many Canadians, it’s a very convenient time for the Prime Minister to suddenly announce that “it’s not his job.”
The rising cost of housing in Canada has reached a crisis point. If you ask the general public who’s to blame, you get a variety of answers. In a recent survey, 40 per cent readily pointed to the federal government, 32 per cent point to the provincial government and 6 per cent blamed municipal governments.
The newly minted ministers at the Liberal Cabinet Summit declared housing a top priority but offered no solutions. It is safe to say nothing creative occurred. I am not saying there is a simple solution, but it is highly likely an allocation of funding will soon be announced, and the problem will be passed on to the provinces and cities to solve. Clearly, the solutions need to be a joint effort between all levels of government. Reducing barriers by changing restrictive zoning and lifting red tape to reduce costs along with other changes could incentivize more ‘affordable’ homes and affordable rental properties.