Freeland touts home savings account, notes limits to addressing housing crisis (www.castanet.net)

submitted 2 years ago by sik0fewl@kbin.social to c/canada@lemmy.ca

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Deputy Prime Minister Chrystia Freeland says the uptake of a new savings account for first-time homebuyers is exceeding expectation, though she acknowledged the limits of what it can do to address affordability.

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[-] BedSharkPal@lemmy.ca 12 points 2 years ago

It's embarrassing. We all know how to fix this issue, but they refuse to do it because people would lose their paper gains.

The only was this gets solved is if renters become a voting block and demand that prices actually go down. How they get driven down is up to some limited debate. But the real hurdle is having people acknowledge that in order to improve affordability, prices have to actually go down.