Concern over housing costs hits record high across rich nations. Valentina Romei and Sam Fleming, Financial Times, September 3. Japan’s at the top (most satisfied), Canada’s near the bottom (along with Portugal, Greece, Slovenia, and Australia).
Good summary. That said, within the political system, there's also pressures slowing down housing (which is a huge part of why we're in our current situation):
* Vocal opposition to change at the neighbourhood level
* Municipal governments aiming to maximize revenue by taxing new housing like a gold mine
* Supply skepticism
So I fully expect more battles ahead. The stakes in next month's provincial election are sky-high.
So, to sum up: the Free Market is receiving the strongest possible signals to build housing. (Prices so high that many live in tents and cars).
The Democratic political system is receiving the strongest possible signals to build housing.
Is anything left?
Good summary. That said, within the political system, there's also pressures slowing down housing (which is a huge part of why we're in our current situation):
* Vocal opposition to change at the neighbourhood level
* Municipal governments aiming to maximize revenue by taxing new housing like a gold mine
* Supply skepticism
So I fully expect more battles ahead. The stakes in next month's provincial election are sky-high.