We know things are going to start getting better. Inflation is coming down. We think interest rates are going to start coming down probably middle of next year. We’re launching massive housing investments. Hopefully, people are going to start seeing things get better.
Housing is the tip of the iceberg. The cost of living has jumped across the board. It’s hard to get a family doctor in most provinces. Homelessness is endemic to most of our cities. Our real wages are falling.
And it doesn’t feel like any level of government is doing enough. They certainly don’t seem to be cooperating.
And yes, hOuSiNg/hEaLtHcArE Is A pRovInCiAl ReSpOnSiBiLiTy, but the feds have shown themselves adept at getting around that. The feds got the provinces to implement a carbon tax and $10/day daycare.
Of course, immigration and taxation are federal responsibilities, and aside from the GST credit on purpose-built rentals, the feds have done almost nothing.
Requiring post secondary schools to provide on campus housing for newcomers on academic visas would be a good start. Similarly, requiring medical residents studying in Canada to practice in Canada after their program completes would be another improvement.
On the taxation side, we should start asking whether tax exemptions for home owners are such a great idea when we’re trying to deflate the housing market.