this post was submitted on 14 Aug 2023
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They don't want to bring the prices down because they've made their own wealth and that of other wealthy property owners, and a good chunk of Canada's economy, dependent on the prices staying high. So they have to pay lip service and make statements about how they want to make housing affordable without actually, you know, bringing the prices down.
They also don't want to bring it town because the dumb homeowners will just blame the current government when the prices correct themselves. It's suicide for any party to willingly tank the housing prices. It's only gonna get worse the longer we wait to do it. And it's gonna be global because we aren't the only country effected by it.