Con­ser­va­tives cre­ated poor at­ti­tude on hous­ing

The Hamilton Spectator - - COMMENT -

RE: Cana­dian hous­ing

Re­cently the RBC published charts on the hous­ing sit­u­a­tion in Canada and some news or­ga­ni­za­tions fo­cused on the Toronto and Van­cou­ver mar­kets. The in­for­ma­tion was quite in­ter­est­ing but what I thought of was the lack of new build­ing was not af­fect­ing all mar­kets in a sim­i­lar man­ner. Mon­treal, although also see­ing a re­duc­tion in new builds, is not see­ing such a spike in prices.

Two terms of an ear­lier fed­eral gov­ern­ments con­tin­u­ally telling us the econ­omy is too frag­ile and we can­not af­ford stuff has cre­ated a sit­u­a­tion in the builders com­mu­nity of hes­i­ta­tion and aver­sion to risk that needs to be over­come.

This same con­tin­ual set of pro­nounce­ments also cre­ated a panic in the land of “let’s get it while the get­ting is good” cre­at­ing a bub­ble of de­mand which is not be­ing sa­ti­ated by sup­ply.

Per­haps the cur­rent gov­ern­ment can over­come these us­ing its levers of power and con­trol to re­turn the coun­try to a nor­mal ac­tiv­ity level. Ilpo Le­hto, Hamil­ton

Newspapers in English

Newspapers from Canada

© PressReader. All rights reserved.