Mark Carney's Lowkey Flex: Affordable Housing - But Is It Even Possible? 🤔🏡

The Deets

Aight, so Prime Minister Mark Carney was asked the real question: does he want house prices to, like, chill out? His answer was kinda layered, fam. He's all about making housing more affordable, but it's not as simple as just saying "prices gotta drop."

The government's got this whole strategy, right? They're talking about cutting GST on new homes, which is basically like a discount. Plus, they wanna reduce those development charges, which are like extra fees when builders are putting up new houses. The idea is to make building more efficient, so more houses get built, which should, in theory, make prices less insane.

But here's where it gets tricky. Some experts are side-eyeing the plan, saying it's hard to target specific areas to make cheaper. And some of the things they're doing, like tax credits, could actually make housing more expensive in the long run. Basically, tryna fix one thing could mess up something else. Also, they're saying wages might not catch up to housing costs for, like, ever. Major L.

Politically, this is a whole minefield. Carney and the Liberals promised to make housing affordable, so they gotta deliver. If they don't, people are gonna be big mad, both those tryna buy and those who already own. It's a tough sitch, for real.

Carney said they tryna drop prices somewhere, hold prices steady, and grow incomes to meet the price—but everyone is sus that growing incomes will take too long. That the government will be cooked before they can deliver.

At the end of the day, expertise is important, but politics is politics. Making decisions in a democracy is complicated and technical—so, the proof is in the pudding, fam. We’ll see.