this post was submitted on 20 May 2025
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That's one part of a many part problem.
Housing (including rent) isn't solely the responsibility of the federal government, but I'm glad to see that they are getting more involved.
Provinces and municipal/regional governments play a much greater role, so we need to pressure all levels of government to step up their efforts.
Exactly. It's great that the feds want to fix things... but the Provinces hold most of the levers being directly responsible for letting things devolve so far.
Here in BC Christy Clarke threw gasoline on the fire in 2016'ish and I watched condo prices jump 50% in months. I was lucky to have a condo to sell, but I also couldn't afford that same condo for the price I sold it. It's bonkers how much prices have gone up.
The NDP here has done something, if not enough.
In the end it's a pretty intractable problem. As a country we bet on housing as an investment and now we're paying the piper so to speak.