As I've been saying for years... Housing Affordability is not a supply issue. It is a monetary and financialization issue. Provincial and municipal budgets are already strained. Reduced income from the real estate cash cow will cause real pain. Prepare for more gaslighting and scapegoating as governments scramble for someone to fleece. Self preservation is the bureaucratic beast's prime objective.

Better Dwelling

Canadian Real Estate’s Biggest Crash Since The ‘90s To Worsen: BMO - Better Dwelling

Home prices haven't moved in 9 years when adjusted for inflation. BMO compares today's crash to the worst 90s correction.

Government's and Banks Hate Affordable Housing... Property Taxes and mortgages are too big of a revenue streams to give up. You can't taper a ponzi.

CCPA

The numbers don’t lie: The housing crisis is not caused by a supply shortage | CCPA

Financialization, not demographics or supply, caused the cost of housing to explode in Canada.

'In Canada, property rights do not have constitutional status. No right to property is included in the Charter of Rights and Freedoms. Fee simple title is merely a gloss on the state’s constitutional authority to tax, regulate and expropriate private property as it sees fit. But Aboriginal rights are different. They have become more constitutionally powerful than any Charter right." This is a powerful statement summarizing the current state of Canada. In Canada, Property Rights are a shitcoin

Fraser Institute

Aboriginal rights now more constitutionally powerful than any Charter right

Wherever Aboriginal title is found to exist, it’s a “prior and senior right” to fee simple title.

For anyone thinking of storing their wealth in Land or other Real Estate in Canada......think twice. " ....that judges could order the Crown to expropriate private land and give it to the Aboriginal titleholders." You only own what you can defend.

MSN