Imposed from above during an economic emergency, rent control played a significant role both in curbing out-of-control inflation and solving the housing crisis Canada was experiencing at the time. A combination of robust rent control and concurrent investments in public housing saw housing prices fall by as much as 30 percent in real terms between 1975 and 1978.
So this government will know this, see the youth giving up on them in favour of the same cancer going terminal in the USA, and ignore it.
Sounds good.
Edit: I don’t care if it’s up to provinces at present. Change that or enjoy increased risks of maple fascism 4 years from now. Doing nothing is pathetic.
Let’s be very clear here: HOUSING IS THE RESPONSIBILITY OF THE PROVINCES.
As well, PROPERTY TAX (TAX ON LAND) IS THE RESPONSIBILITY OF PROVINCES.
So if by “this government” you mean the Carney Liberals you’re right in the sense they won’t do anything about this — but the reason for that is they can’t. That’s not their Constitutional role, and the levers they can pull in this regard are minimal (and mostly revolve around either mortgage insurance, regulating the financial sector, and dolling money out to Provinces).
If you’re upset about housing, you should be upset at your Provincial Government, not the Feds.
The federal government loosened LMIA requirements, increased immigration, created a surf class the UN described as modern slavery. That all directly affects housing for Canadians who fight for finite land and jobs, as we fail to invest in modern infrastructure like high speed rail to make it sustainable.
One year we brought in 1.4 million people, the US brings in 1/4 that per year and has 10x the density , so 2.5% on a per capita basis.