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Canada wants to make homes affordable without crushing prices
(www.bnnbloomberg.ca)
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It seems to me that increasing supply alone is not going to cut it. Are there not a bunch of financial groups with nearly bottomless wallets that enable them to afford to buy up any amount of property to rent or flip at any price they want, even if it means some properties sit on the market empty for a long time? This government policy seems analogous to having people with $100 dollars sitting at a no-limit poker table with a bunch of billionaires who can afford to endlessly put you all in on every bet, so they always bet more than you have and then the government comes in and says they will allow for more games to be played. Wouldn’t the policy be pointless if you don’t also limit the number of games the wealthy players can play?
You are not only right, but foreshadowing the astroturfing all of that area is going to receive. Regulating real estate is the only answer and then we'll talk about building more. We know this to be true:
Those sound like better ideas to prioritize to me. Besides political machinations, what reasons are there not to implement those types of policies?
Everyone who is making money by not implementing these policies is peeling off some of it to keep the policies that make them the money in place.