After taking a few months to get a feel for the place, one of the first things Evan Siddall did as president of Canada Mortgage and Housing Corp. was gather his leadership team to rewrite the agency’s mission statement.
Siddall’s various overseers in Ottawa either absorbed different lessons from the financial crisis, or forgot that the Great Recession was caused by a housing bust preceded by a massive stockpiling of personal debt. “Too many people are finding it tough to afford their first home,” Trudeau tweeted. “We are going to do something about it.”
There are no heroes in a Rajanian fable, but if there were, they would fight to get rid of all these distortionary policies and allow markets to do what they do.
Because we will end up like California and have 'communal pod appartments' modeled after communist system.
And yet it happens everywhere all the time.
Just stop the crazy population growth of our major cities by reducing the immigration rate down to the average of the G7 immigration rate targets. We are too much of an outlier
At least JustinTrudeau defined 'middle class' To buy a house at 800K. 5% down. Qualify 2 points over today's rate. I used 5%. You need an income of $190,409 They need help!