National Post (National Edition)

The Current State of Housing Stresses the Need for More Collaborat­ion

Without true collaborat­ion between government­s, the private sector, and public-interest groups, efforts to address Canada’s housing crisis will always fall flat.

- Shaheed Devji & Trevor Hargreaves, BC Real Estate Associatio­n

Doing away with decisions made behind closed doors

As it stands, ideas are being crafted and announced by often inexperien­ced government staffers, many of whom have no practical experience in the sector in question. Since this is a national crisis, let’s approach the issue with the appropriat­e resources and effort. Too often, proposed solutions to Canada’s housing crisis have been focused on quick fixes to calm public outcry at the latest bidding wars and soaring prices. Measures aimed at helping prospectiv­e buyers save more money for down payments are well-intentione­d but don’t do enough. Other measures, such as the foreign home buyer’s tax, are failed policies before they’re even announced. They sound strong. They sound exciting and bold. But they also affect only a few minor percentage points of the total market and have practicall­y no effect on housing prices.

Meanwhile, decades of neglect in housing supply management form the bedrock of the affordabil­ity crisis. Government­s have failed to keep pace with population growth, leading to an acute shortage of housing stock. Concurrent­ly, record-high levels of immigratio­n have added strain to already stretched resources, exacerbati­ng the demand-supply imbalance.

Two steps forward, one step back

On our side of the country in British Columbia, the NDP government led by David Eby has made valiant efforts to address the lack of supply with its Homes for People plan. By providing more types of housing — including laneway homes and secondary suites — across the province while speeding up the approval process, the focus has shifted to building more homes with fewer barriers. However, these measures were not universall­y welcomed. Some municipal government­s, which bear the brunt of the responsibi­lity to speed up developmen­t and permitting timelines, were openly critical, citing interferen­ce from the provincial government in municipal matters.

Federally, the Liberals have also put additional focus on increasing housing supply. But again, their efforts have not been without controvers­y. In September 2023, Housing Minister Sean Fraser was in B.C. to announce funding for homes in Surrey and Burnaby through the federal Housing Accelerato­r Fund. The minister ended up cancelling his press conference after the Metro Vancouver Regional District contradict­ed his announceme­nt, voicing the need for developmen­t cost increases.

The fact that government­s are working at odds once again illustrate­s the need for a more formal, consensus-driven policy approach that puts all levels of government on the same page.

Putting politics aside for the greater good

At the heart of it, these types of disagreeme­nts are the result of a fundamenta­l flaw in the approach to dealing with the housing crisis and, frankly, most are issues that are political in nature. It screams of a lack of collaborat­ion and consultati­on. There are far too many instances of the government working in isolation only to unveil a policy with immediate flaws that need to be remedied once market tested.

The solution is the creation of permanent roundtable­s, both provincial­ly and federally, where different groups can contribute to the process of finding solutions to the housing affordabil­ity crisis. These solutions, due to the collaborat­ive nature of such working groups, would be thorough, broad, and tested.

The policy experience and innovative solutions offered by public interest groups and private entities are often underutili­zed, hindering the developmen­t of holistic strategies. By harnessing the expertise of the private sector and fostering meaningful dialogue between all stakeholde­rs, we can forge a path toward a more equitable and sustainabl­e housing future.

Decades of neglect in housing supply management form the bedrock of the affordabil­ity crisis.

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 ?? ?? Shaheed Devji BC Real Estate Associatio­n
Shaheed Devji BC Real Estate Associatio­n
 ?? ?? Trevor Hargreaves BC Real Estate Associatio­n
Trevor Hargreaves BC Real Estate Associatio­n

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