Could something that was never a realistic goal be said to be “in doubt?”
Would you say my plan of winning the lottery is “in doubt?”
Automatic-Bake9847 on
It was never not in doubt.
Anyone with a even minor capacity for critical thought would have asked themselves how it would be possible to instantly double and huge/complex industry overnight.
Think about every trades person, every piece of equipment, every quarry, every cement plant, etc and then think about doubling that near instantly.
It was never going to happen.
Comfortable-Cat-2716 on
Let’s try plan B: cut immigration.
lilbitcountry on
The federal government has a problem with funding massive boomer entitlement obligations. Instead of solving the problem by cutting back programs the government can no longer afford, they are burning down the rest of society through tax hikes, massive immigration, and intergenerational public debts.
HanSolo5643 on
Maybe we should cut immigration targets significantly and tie immigration to housing. But that would make too much sense for this government.
Twisted_McGee on
We do not have the ability to meet current demand, and it will take years to drastically increase supply.
The only way to take the heat off in the short term is to decrease demand. There is no way either the liberals or conservatives will do this.
Grabian on
Whatsamatter? Is housing not balancing itself?
MRobi83 on
Was there ever a point where it was not in doubt???
Difficult-Yam-1347 on
No person from the press: “So you’re going to more than double housing completions. Does that mean you will also double construction workers to over 3.2 million or . . . magic?”
Keep in mind Canada has already gone from 4.9% of the labour force in construction to nearly 8%. An absurd figure.
Unserious country.
WokeWokist on
I’m starting to think 3.7 million houses by 2030 may be out of reach
jmmmmj on
CMHC estimates some 5 million homes need to be built by 2030 to restore affordability. That’s over 700k a year.
13 Comments
Could something that was never a realistic goal be said to be “in doubt?”
Would you say my plan of winning the lottery is “in doubt?”
It was never not in doubt.
Anyone with a even minor capacity for critical thought would have asked themselves how it would be possible to instantly double and huge/complex industry overnight.
Think about every trades person, every piece of equipment, every quarry, every cement plant, etc and then think about doubling that near instantly.
It was never going to happen.
Let’s try plan B: cut immigration.
The federal government has a problem with funding massive boomer entitlement obligations. Instead of solving the problem by cutting back programs the government can no longer afford, they are burning down the rest of society through tax hikes, massive immigration, and intergenerational public debts.
Maybe we should cut immigration targets significantly and tie immigration to housing. But that would make too much sense for this government.
We do not have the ability to meet current demand, and it will take years to drastically increase supply.
The only way to take the heat off in the short term is to decrease demand. There is no way either the liberals or conservatives will do this.
Whatsamatter? Is housing not balancing itself?
Was there ever a point where it was not in doubt???
No person from the press: “So you’re going to more than double housing completions. Does that mean you will also double construction workers to over 3.2 million or . . . magic?”
Keep in mind Canada has already gone from 4.9% of the labour force in construction to nearly 8%. An absurd figure.
Unserious country.
I’m starting to think 3.7 million houses by 2030 may be out of reach
CMHC estimates some 5 million homes need to be built by 2030 to restore affordability. That’s over 700k a year.
Shocker… Trudeau didn’t deliver on something.. .
The supply of homes needs to increase to help improve affordability. With the average home price in Ontario currently sitting at ~$890K based on [this affordability calculation](https://wealthvieu.com/mortgage-affordability-calculator-canada?a=200,000&b=25&c=75,000&d=7&e=1,250#google_vignette) it would take a household income of ~$200K to afford the average home.