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.
I voted liberal, so I was just depressed to hear those words from the new housing minister.
No party has proposed an actual plan to bring in affordable housing though. Everyone in power is invested in realestate.
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.