As I've been saying for years...

Housing Affordability is not a supply issue.

It is a monetary and financialization issue.

Provincial and municipal budgets are already strained. Reduced income from the real estate cash cow will cause real pain.

Prepare for more gaslighting and scapegoating as governments scramble for someone to fleece.

Self preservation is the bureaucratic beast's prime objective.

https://betterdwelling.com/canadian-real-estates-biggest-crash-since-the-90s-to-worsen-bmo/