Terence Corcoran: Housing needs zoning to block our politicians

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ICYMI - Terence Corcoran: Housing needs zoning to block our politicians — via fpcomment

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a new Housing Supply Act. In Ottawa, the latest auditor general report portrayed the federal government’s current $78.5-billion National Housing Strategy in boondoggle terms as it relates to homelessness. Key agencies, including the Canada Mortgage and Housing Corporation, seem to have no idea whether any of the money flowing out of Ottawa for housing is doing anything to relieve homelessness.

Where should governments begin to solve the perpetual problem of matching supply and demand in an industry that is already infected with scores of distorting interventions and policies? The list of suggested fixing mechanisms is long and uncertain: easier zoning rules, revised mortgage lending rules, more zoning, government incentives for apartment construction, increased densification, less zoning, tighter rent controls, a foreign buyers’ tax, a tax on housing-flippers, a tax on housing...

On top of a few laudable measures — eliminating land transfer taxes, for example, would help reduce the cost of building new homes — the Ontario government’s commanding heights housing regime includes a move to give Toronto Mayor John Tory more power to bulldoze — politically and in some cases literally — to make way for new housing.

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fpcomment Turns out that politicians' 'housing crisis' concerns were nothing more than manure being shoveled before this years' elections. Now they want bureaucracy usual.

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