Here’s a motivating question to get our policymakers thinking in the right direction: what would it take for Canada to achieve a $200,000 per capita GDP by 2050?
As inclusionary zoning becomes law, we should expect to see less land being sold to developers, less development activity, and less new housing being completed every year.
Some people reject the simple explanation to a simple problem and think that new housing supply will not improve the situation. They think the real problem is that housing has become “financialized.” Don’t buy it.
There are countless Canadians who view big city housing prices as an insurmountable obstacle to participating in these lucrative labour markets.
We spend a lot of time talking about how to pay for transit in Canada but we don’t spend nearly as much time talking about how to pay less for transit. And maybe we should.