There was a definite whiff of cynicism with the Liberals’ latest announcement, this time around housing, and it is starting to look like their election platform is to cherry-pick what the other two main parties have done and try to either one-up those policies, or extend the existing Budget 2021 framework with these rival policies in mind. So that’s going well.
On the other side, you have both Erin O’Toole and Jagmeet Singh proclaiming that Trudeau had that six years could fix the housing affordability crisis, because apparently, it’s that easy to solve – and while Justin Trudeau did call them out in saying that anyone who thinks it can be solved in a snap doesn’t understand the depth of the crisis, and he’s right. He’s also right to point out that they had a big hill to climb when it comes to re-engaging the federal government on housing with agreements with the provinces, and they’ve been getting there, and accelerating a lot of that funding through the pandemic, but there has been little acknowledgement that the biggest bottlenecks to building more housing is coming from the municipal governments. It’s one of the reasons why the federal dollars for housing aren’t getting spent – projects can’t get approved at the municipal level. Now, the Liberals do have something to address this in their platform, which is a $4 billion fund that essentially seeks to bribe these councils into approving projects, but it is being argued that this won’t help those municipalities where this is a problem by very much, and it may be easier to go to the provinces to amend their own municipal parent legislation to remove some of these regulatory barriers from their end. Of course, that’s another case of “working with provinces,” though in this case, they may be more motivated than on other files.
JFC, Liberals, how do you propose to do this when landlord-tenant legislation is provincial? You don’t even mention “working with the provinces” on this one. FFS. pic.twitter.com/L1lTTA097S
— Dale Smith (@journo_dale) August 24, 2021
This being said, nothing any of the parties are going to do is likely to help affordability anytime soon – especially because the problems for increasing the housing supply are dependent on eliminating those bottlenecks, and ensuring there is sufficient labour to build the houses, and in the major markets where this housing is most needed, that may be a problem in and of itself (especially if you want to attract that labour from other provinces, but they can’t afford a place to live when they arrive). And especially because nobody wants to piss off existing homeowners, who want their current home equity to keep appreciating, never mind that it just continues to make the problem worse. But politics is about tough choices, so we’ll see who can make reasonable ones.
In the meantime, here’s Jennifer Robson in this long thread recounting the last time a federal government tried a home buyers’ savings account, and Mike Moffatt gives his take on these announcements.
https://twitter.com/MikePMoffatt/status/1430253010618355727
https://twitter.com/MikePMoffatt/status/1430254029729378307
https://twitter.com/MikePMoffatt/status/1430254668458991620
https://twitter.com/MikePMoffatt/status/1430255115085156356
https://twitter.com/MikePMoffatt/status/1430256554561974276