The fact that they're creating a crown corporation to build homes on public and private land is huge. This includes prefab and modular homes too. They're even committing to using Canadian lumber.

We cannot contunue to rely on capitulating to and deregulating private developers and expecting them to act in any way other than own self-interest. They have no incentive to bring down the cost of homes. It is now crystal clear that the neo-liberal solution does not work.

A crown corporation that exists to create housing rather than maximize shareholder value is a massive step in the right direction. Frankly, I'm surprised Carney is doing this but happy about it all the same.

I expect Carney to get pushback from Doug Ford who is firmly in the pocket of private real estate investors.

I listened to his speech. He's talking in no uncertain terms that he's going for a post-war style build-out. He also pointed out that the market hasn't delivered and won't solve our housing crisis.

This is exactly what's need on high level.

OK, this sounds like a real plan. I really like they are paying attention to prefab construction.

They should be pushing to restrict these rental company assholes from buying all the houses and preventing potential owners from getting them. "Landlord" is not a job.

Force the rich to sell their multiple houses too. Tax their wealth and they won't have a choice. 3rd homes should get taxed at 10% of their value or more. Let's stop kidding around. That'll force them to divest fast as fuck.

This is exciting news!

Now, what do we do when our Provincial or Municipal governments become the barrier to housing? Because lord knows that Doug Ford is fully capable of screwing this up.

double Canada’s rate of residential construction housing over the next decade to nearly 500,000 new homes per year.

So it sounds like the goal is 500k houses a year at the end of a decade. I assume that means 230k-ish this year, slowly ramping to 500k in 2035. It only needs to be an extra 27k/year to make that goal.

CMHC says we need ~3.5 million houses by 2030 to get housing costs back to reasonable levels. I really want this proposal to be good, but it doesn't seem like it will be enough.

Is it better than nothing? That depends on who controls the final prices, and how much gets built.

Anytime someone wants to build housing, they better be increasing regulations to prohibit investment housing. Housing is meant to give people shelter and home, not make investors rich.

Remember when the Liberals also promised the 2015 election would also be the last under FPTP?

The plan announced today by the Liberals would create a new federal housing entity that the party says would oversee affordable housing construction, speed up construction and provide financing to homebuilders.

Carney says the new agency, Build Canada Homes, would act as a developer to build affordable housing at scale, including on public lands, and develop and manage projects.

I really want to see the details on this one.

The second paragraph suggests BCH would do the building, while the first paragraph's "oversee" suggests existing developers would do the work. If BCH will finance construction, control where/what gets built, and control the final cost to buyers, then this has the potential to sell decent housing at below-market prices. That could start diffusing the housing crisis (although other reforms are necessary to improve costs in the near term).

That would be very different from what the Liberals and CPC have been proposing so far, which is to ask developers to pwetty pwease lower sale costs by making it easier and cheaper to build. It's hard to be optimistic given their track record.

As long as most of this money goes mainly towards high density housing, it's not a whole lot but infinitely better than what I was hearing just a few days ago. We don't need houses three hours drive away from work, but homes where people can not only live in, but around.

I really hope this new organization will have the power to ignore NIMBY organizations while listening to city councils for advice. At the very least I hope they get things done directly plotting out and signing building contracts rather than simply instructing and funding individual municipalities and delegating. We can't have people divert this desperately needed money for homes to be diverted towards private projects and making political buddies wealthier.

As you'd expect from the central banker whiz kid, he has creative policy ideas. I'm pretty excited to see the budget split into separate maintenance and investment budgets if he gets in, and now this.

That being said, there's definite notes of what Gould was talking about here. It's just way, way more focused and detailed. I'd give a summery, but the CBC version, at least, already feels like a summery.

non paywalled: https://www.cbc.ca/news/politics/carney-double-pace-home-building-1.7497947

It's something. Not clear it has to be public-private partnership, or focus on manufactured housing. 4 story apartment buildings is a good mix of density and low cost. CMHC made a lot of this post war baby boom.

Seems like some of the funding is for this.

Not good enough. We need at least 1 million new homes a year. We need to force municipalities to allow for mixed-use zoning so that we don't only create single-family homes in suburbs that are largely disconnected from transit and amenities. We need to discourage urban sprawl and incentivize mass transit.

The Liberals know this because they talk to developers and municipalities and want their centrist "compromise" to be the solution. It won't be, it'll just be another half-measure that the Conservatives can point to when they want to highlight the poor spending choices of the opposition.