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.
Ha, yes I heard plans that I believe would actively make it worse from the Cons and PPC, and plans that I believe will have a marginal positive impact, but won’t address the problem from the Libs and NDP. Reducing the cost of housing by 1-2% or even 5% isn’t going to make $1M house suddenly affordable.