If you just have policies and leave it to private companies, you end up with Vancouver.
Where we have tons of policies and initiatives for affordable housing that only result in private developers stopping construction until the price has increased enough for them to profit, and then abusing loopholes to reduce/remove the amount of affordable housing in the actual building.
E.g. during the post-covid boom, Vancouver was a world leader in housing starts. Now that the price has cooled, starts have plummetted, so cons and US-Media are crying out about regulations. But no new regulations exist.
Because the only viable way to increase supply is to have a public construction company that builds at cost.
And thanks to Alberta and US media, that will never fly.
You dont even need that. Just public policies that encourage affordable housing. Example
If you just have policies and leave it to private companies, you end up with Vancouver.
Where we have tons of policies and initiatives for affordable housing that only result in private developers stopping construction until the price has increased enough for them to profit, and then abusing loopholes to reduce/remove the amount of affordable housing in the actual building.
E.g. during the post-covid boom, Vancouver was a world leader in housing starts. Now that the price has cooled, starts have plummetted, so cons and US-Media are crying out about regulations. But no new regulations exist.