Conservatives created poor attitude on housing
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