While I understand the views of this article, I don’t believe it. It’s true that if we build 100k homes in each province, it’ll do little to dent housing prices. We don’t need 100k new homes, we need like a million in each major city. People keep talking about how big of a deal building a few thousand homes are, but they’re literally a drop in the bucket at this point when we should be increasing the supply not by 1-2%, but a good 20-40%.
And while I agree that not everybody would be looking to get their own personal house, increasing housing would vastly let up the pressure on rentals as well. And making rentals cheap enough that you could get one while working part time as a student would also mean that the moment you get a full-time job, you’d have the free time to do everything you could want to improve your life. The fertility crisis we’re having wouldn’t be such a big deal either, not to mention all the stress the young are dealing with since they know that moving out of home before 30 is a pipe dream for most of them.