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For Firefox users, there is media bias / propaganda / fact check plugin.
https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/
- Consider including the article’s mediabiasfactcheck.com/ link
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The problem is nimbyism, sprawled zoning, and large developer taxes used to lower property taxes; which is why matching immigration to housing completions is important, and an obvious thing to do if you care about the poor.
But people downvote criticism of their faux progressives. People got a whole 400$ in dental work as their rents doubled, wholly unfunded and paid with future austerity of course.
I'm pretty sure Carney is onboard with tying immigration to housing. It seems like it's basically just consensus within Ottawa at this point.
Matching population to available housing... Seems a little cart-before-the-horse. In your opinion what is the motivation to build housing, since we are controlling the demand not the supply?
There's always some being built but not ready to go, so depending on the exact requirement you could still accommodate massive immigration.
Profits are why developers build housing, for consumers its an inelastic good obviously.
We have simply made land costs too valuable via regressive zoning and greenbelt, alongside the slow bureaucracy, poor mass transit. Then you have high developer taxes as I mentioned, which directly erode profit.
When supply is diminished and debt is cheap it becomes a liquidity sponge where supply doesnt increase to match capital, and people speculate on rising values like they do Bitcoin or gold, except with cheaply borrowed money that is insured and a liability to our own government as they buy half of all mortgage bonds.