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New Canadian Politics Thread

lecoqsportif said:
Uh, increasing supply will impact prices in some market segments.
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The "housing market" isn't really monolithic. Everything is kind of attached to everything else but cost of 3-5 bedroom, 2500sq family homes can remain fairly resilient in an environment where 1-3 bedroom room condos, duplexes/townhouses, garden suites are significantly more affordable than they are right now. The housing issue is pretty stratified across age groups. 32 yr old young working professionals could give a fuck about about the cost of 5 bedroom McMansions in Vaughan, they just don't want to be paying 3000 a month to rent a 2 bedroom basement in North York.

There's a needle to be threaded here where suburban home values remain flat and the stuff in higher density areas sees some decline in value, especially the 600sq 1 bd shoeboxes that were purpose built for investors/airbnb's.
 
Housing is stratified. The “solution” to increasing the supply of realistically attainable housing for young families will probably have (potentially large) differential impacts across location and sq ft categories. So, yeah threading the needle, which perhaps explains the wishy washy language.
 
Yeah fook you boomers and Gen Xers that have made 100s of thousands on a broken market. Just gimme a lil bungalow on a small piece of land.
 
It's a double sided problem. There's housing affordability, and there's wages. If wages remain flat, it's going to take a generation to build enough housing to fix the problem (and the torched middle class will have voted us into international fascism waaay before that project finishes).

Wages must go up, homes must get built.

Gotta do both, together.

Also, huge investment in regional transit will alleviate at least some of the problem. Just looking at us specifically (our problems are not the same as the Americans problems), the Federal government could probably build a few hundred thousand units on crown land. But as I mentioned the other day, most of that land that's in the GTA is around smaller towns 30-90 minutes from Toronto. If this were France and you could hop on a train at just about any small town within 75km and be in Paris in a half hour, building a shit ton of housing in small towns is a viable as fuck strategy for sorting out affordability.
 
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MindzEye said:
The "housing market" isn't really monolithic. Everything is kind of attached to everything else but cost of 3-5 bedroom, 2500sq family homes can remain fairly resilient in an environment where 1-3 bedroom room condos, duplexes/townhouses, garden suites are significantly more affordable than they are right now. The housing issue is pretty stratified across age groups. 32 yr old young working professionals could give a fuck about about the cost of 5 bedroom McMansions in Vaughan, they just don't want to be paying 3000 a month to rent a 2 bedroom basement in North York.

There's a needle to be threaded here where suburban home values remain flat and the stuff in higher density areas sees some decline in value, especially the 600sq 1 bd shoeboxes that were purpose built for investors/airbnb's.
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Yes, but what about MY investment.

Gregor comes from the city where modest single family homes on 33’ lots start at $3M. He was put in place to assure people their nest eggs are safe, at least as much as to lead some new era of affordable, government-backed development.
 
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