… So what we’ll get is more of the same demand-side tweaking, like a TFSA that lets first-time homeowners save money for down payments on absurdly priced homes. Governments at all levels will throw nominal amounts of cash around for the odd affordable townhouse or apartment block; these will provide more opportunities for more photo-ops with yet more blunt press conferences.
Meanwhile, the dwindling pool of solvent young people who wish to get on the property ladder without massive infusions of intergenerational wealth will fight for these spots like food rations thrown to the impoverished districts in The Hunger Games. Perhaps we can get the poors to compete for their affordable homes with a reality television show, while we’re at it.
And with all of this happening at a moment of worsening social trust, declining quality of life, an exploding opioid crisis and the growth of slums and tent cities around the country, Mr. Trudeau would like to remind us that these are all provincial responsibilities, actually, as he retreats slowly back into the shrubbery.
