I worry about what this means for home construction in general. With interest rates relatively high, a shortage of building supplies, and a shortage of construction workers, I suspect developers are gonna stop developing.

If governments aren’t willing to pick up the slack, that means we won’t come anywhere near the 3+ million homes we need to get prices back to something reasonable.

All of the federal and provincial policies I’ve seen for home construction have been mArKeT iNcEnTiVeEs that rely on the private sector.