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this post was submitted on 14 May 2025
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He said 'no' as a bit of an afterthought. Overall I did not get the feeling he has any idea what hes talking about and I'm not sure why Carney selected him. I'm guessing he was what less inclusive members of our society would refer to dismissively as a DEI hire to combat concerns around Western alienation.
In what market do you increase supply and prices do not go down? The entire purpose of increasing supply is to decrease prices and improve affordability. A more seasoned politician would have simply said that he and the liberal government is committed to improving affordability.
I see what you're saying and appreciate the explanation.
From a practical standpoint, for real estate to become more affordable, it would make sense that price has to come down.
Perhaps you could have a different category of subsidized housing which renters will flock to.
In this case, there would be less people looking for properties for rent. Which would make holding property as an investment less viable and should also bring down the value of that property if many such properties are sold.
Hard to see how this plays out without deflating the bubble to some degree.
So, regulatory measures with a gradual, measured increase in supply is the answer. Hopefully this government will be brave enough to move forward on that.
Have you ever considered investing in real estate? I have a fantastic deal on a bridge you might be interested in!