In the late 60s and 70s when Canada was building the most amount of homes, the Federal government was deeply, deeply involved in housing not just by financing a

In the late 60s and 70s when Canada was building the most amount of homes, the Federal government was deeply, deeply involved in housing not just by financing and building publicly owned below market housing and coops, but also huge tax expenditure to heavily incentivize and help finance market housing. All that ended in 1993 with the Jean Chretien austerity budgets. Feds stopped participating in social housing, incentives ended, transfers to Provinces were scaled back, and Provinces responded by pulling back themselves. Accordingly basically nil non-market housing was built for decades. Market housing financing became harder and creation slowed and shifted toward a sort of condo product marketed toward the relatively wealthy. Creation of purpose built rental pretty much ended. So at this point it's pretty clear that huge tax expenditure and investment from the Feds and Provinces in helping finance new housing creation both market and not market is required. There's also policy work to be done here to try to stream line municipal rules to hopefully make it easier such that less government aid is required. But yea just by looking at what we were doing in the 60s/70s and now there's a massive difference that suggests at what the solutions could be.