Canada has no chance of building the additional millions of homes Canada Mortgage and Housing Corp. projects would be needed to restore housing affordability over the next seven years, according to the chief economist of Desjardins Group.
Speaking at a panel on the current housing market crisis hosted by the Economic Club of Canada in Toronto on Sept. 12, Desjardins’ Jimmy Jean said it took “not seven years, not 10 years, not 15 years, but 30 years” to build the last 5.8 million homes in Canada.
This issue alone should kill Trudeau but Canada is a pretty messed up Banana republic.
I doubt his base will abandon Junior and all he needs is a good showing by the NDP to remain in power.
The “Affordability issue” may be tamped down if home owner equity is protected by the ongoing shortage. This will be especially true of eastern urban centres, traditional LPC strongholds. People vote with their wallets.
Do not expect significantly lowered immigration targets, the emerging narrative is to caution against blaming “immigrants” when a made in Canada “housing crisis” is really to blame.
The narrative implies that criticism of an extraordinarily callous mass immigration policy that stresses all of Canada’s infrastructure to the breaking point is criticism of immigrants and of course that’s racist.
In short the same old same old – Canadian citizens are labeled racist whenever they attempt to stand up for their own best interests against the UNIPARTY and their corporate cronies.
