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The Federal Canadian government used to aid the construction of tons of housing, both market and non-market all through the 60s and 70s. It ended with the auste
by Tiktaalik 4y ago
The Federal Canadian government used to aid the construction of tons of housing, both market and non-market all through the 60s and 70s. It ended with the austerity budgets in 1993 of the Liberals under Jean Chretien, at which point the Federal government pretty much entirely got out of housing and left it to the provinces.
Provinces didn't fill in the gaps the same way. Shrugged their shoulders and mostly downloaded the problem to municipalities.
Municipalities didn't have any sort of revenue generating capacity to build social housing at all, nor did they have the ability to incentivize market housing, so only a limited amount of very profitable market housing gets built.