What you’re always looking for is a stable housing market, not radically overheated, where supply and demand are in sync. The market’s been very good for us, but it’s not sustainable long term. If we don’t get some stability into it, you’re going to see some polar swings, which are always a concern.Article contentWe definitely need more supply.
The federal government doesn’t really have jurisdiction. It’s really up to the provinces and municipalities to determine how they’re going to develop new housing and new policy.If you look at housing completion numbers, we’re averaging about 200,000 a year, so the Conservatives are basically committing to an additional 400,000 thatin three years, and the Liberals are committing to an additional 600,000 across four years.
Regarding demand-side strategies, could the government limit the number or type of properties investors can own, or raise the minimum down payment required for investment purchases?I’m sure that they’re considering it currently. In New Zealand, they already have a policy of a 40 per cent down payment for other than primary residences. That’s pretty sizable. I don’t think we’d get to that level.
Source: Real Estate Daily Report (realestatedailyreport.net)
Who gives a shit what they want?
Who cares what the real estate industry wants. They refuse to shoulder the blame for the housing crisis. It is like asking what the foxes want as we redesign the hen house
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