Should home prices go down? ’No,’ says Canada’s new housing minister
Should home prices go down? ’No,’ says Canada’s new housing minister
globalnews.ca
Should home prices go down? ’No,’ says Canada’s new housing minister | Globalnews.ca
20 comments
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Liberal voters once again win:
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Liberal voters want affordable housing as long as it doesn't cost anything or reduce the value of their property, if anything they should be happy with this this kind of nonsense statement
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Motherfucker ran on lowering house prices. Why did he appoint this pissbeast?!?
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former governor of the Bank of England
austerity-
Never been happier to have not voted. Fuck this country and their goddamn scantron elections.
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Because he lied
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I tried to lathe a world where Trump tanked the Tories' numbers so bad that the NDP won opposition (which has happened before), but I guess I severely underestimated the racism of the Canadian electorate.
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Of course a former mayor of a city that's the poster child for the housing crisis in this overpriced trash heap of a country is the housing minister lol.
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Was gonna mention it too.
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Higher housing supply, not lowering home prices, are the solution for Canada’s housing crisis
Okay, so here's the thing about that...
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“We have chosen protecting property values”.
Cool, how’d that work out for California?
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Say that again Mr housing minister
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And then next election libs wonder why they're losing hard. Must be Russian or SeeSeePee interference.
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MFW one of the few countries where even nominal non-fascism isn’t absolutely irrelevant and one of their governments first words are “do not worry real estate investors, we would never harm you! Your property values are safe under our watch!”
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even nominal non-fascism isn’t absolutely irrelevant
what do you mean?
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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.
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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.
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20 comments
Congrats to the conservative party for their 2027 majority