Opinion: Is elevating housing prices a good way to make homes more affordable?

Contributed to The Globe and MailWhen our rancorous members of Parliament get around to looking at the Trudeau government’s 2019 election budget, they might want to pay special attention to the proposed First-Time Home Buyer Incentive, a shared equity mortgage to be run by Canada Mortgage and Housing Corp.

The plan might also appeal to Canadians whose means are not so limited. While eligibility is limited to households with income of $120,000 or less, many of those may be able to draw on parents or their own registered retirement savings plans to make a down payment. Because that 2013 British plan could not fail but to raise prices in supply-constrained areas and reinflate pricey markets, it had its critics. I described it at the time asWith the benefit of time and extensive data, cooler heads at the London School of Economics have since had a look at.

The 2019 budget partly reflects this understanding, saying that the shared equity mortgage “could help encourage the home construction needed to address some of the housing supply shortages in Canada, particularly in our largest cities.”

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Vancouver scientist hopes to build affordable homes using 3D printersWith Vancouver’s sky-high prices making home ownership an unattainable dream for many, one scientist is proposing an affordable alternative by constructing houses using 3D printers.
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Scrapping mortgage rules would boost Canadian home prices by about $32,000, TD saysTD says impact of rules have been longer-lasting and more significant than originally intended and government should consider flexibility I am excited to see how the millennial generation responds to this endless rise in housing costs. I wonder if this pressure on the working class has anything to do with our leaders importing 340,000 new people to the country every year. Ok so let’s not do that are we forgetting about the 2008 housing crisis again?😂😂
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