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this post was submitted on 21 Apr 2024
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I believe this is way overblown and more just a distraction from the real issue. The government of Canada seems to be primarily concerned with real estate value and helping it achieve higher and higher values by ensuring not enough homes are available for all Canadians and immigrants. The high cost of real estate has many many downstream effects including putting people on edge. The media does a great job of blaming immigrants as why would they not…they are owned by the same people who only want to see their real estate increase in value forever. Canada is was built with immigrants entirely, less the first people who were massively marginalized in the process. Don’t buy this propaganda. Instead put pressure on your local representatives to better manage home supply.
I mean, I understand your frustration, this and previous governments should have dealt with the housing shortage long ago. But I'd say it's unfair to say they're pushing up housing prices, particularly after they just released a plan to address the problem. https://www.pm.gc.ca/en/news/news-releases/2024/04/12/announcement-canadas-housing-plan#:~:text=The%20plan%20lays%20out%20a,being%20built%20anyway%20by%202031.
Ontario also wants to count student residences in the housing tally to make numbers look good, so our leaders contradict each other
There has been many similar plans over the past decade and look where we are? Buying into the propaganda. Just like the net zero emissions goals by some long off date. Feels good, and we can point to similar good news stories like the one you linked, but the pattern is pretty established yet we tend to fall for the hope every time. That said, I am hoping this one goes somewhere, but I am not holding my breath, especially with a change in government likely coming.