Two takeaways from this article:
1) the housing crisis isn’t only a Canadian phenomenon
2) the folks in charge continue to (intentionally or otherwise) misunderstand the problem as simply one of supply. Until steps are taken to de-couple the purpose of housing as a place to live with housing as a commodity/investment, simply ‘slashing red tape’ and increasing density will only provide more inventory for speculators.
“Simply put, Australia has not been building enough homes to meet the demands of its rapidly growing population, creating a scarcity that makes any available home more expensive to buy or rent.
Compounding the issue are Australia's restrictive planning laws, which prevent homes being built where most people want to live, such as in major cities.
Red tape means that popular metropolitan areas like Melbourne and Sydney are far less dense than comparably sized cities around the world.”
#CDNPoli #CDNElxn2025 #HousingCrisis
https://www.bbc.com/news/articles/cq5wlevy647o