146
Trudeau takes first step to break Canada’s addiction to rising home prices - The Globe and Mail
(www.theglobeandmail.com)
this post was submitted on 23 Sep 2023
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Regardless of whether these are built as rentals or for sale, the catch-up to fulfill demand will take decades, and no property developer will do them if they aren't profitable.
So don't expect property values to seriously decline. Frankly, what we all need are wages to catch up to the cost of living.
If wages increase but housing demand remains significantly higher than supply, housing prices will just inflate. We need to build a lot more homes.
We definitely do, but people seem to think that's a speedy election-cycle process.