this post was submitted on 14 Jul 2023
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Housing authorities just need to lower housing prices. The model already exists there's just a lot of money fighting it:
Build large 5-6 story buildings with dozens or hundreds of units in areas where prices are too high. These buildings should be mixed use on the first floor with no car parking.
Sell or rent them at well below market rates to people that currently do not own homes anywhere under the condition they only sell under those conditions as well
Watch the market prices fall.
There's currently enough housing in most places there just needs to be a needle applying downward pressure.
Step 0 is to reinvent Canada in such that steps 1,2,3 are not destined to fail and cause career suicide to the politician that proposes them
How do you figure there is enough housing?
CMHC thinks we need 3.5 million more units by 2030 (bringing us from from a projected 19M to 22.5M) https://www.cmhc-schl.gc.ca/professionals/housing-markets-data-and-research/housing-research/research-reports/accelerate-supply/housing-shortages-canada-solving-affordability-crisis
I should add: 1b. Don't include parking, include commercial rental space on the bottom floor - parking creates sprawl.