The ship sailed for affordable housing a long time ago. With the benchmark price of a single family detached home in Vancouver of 2.4 million, affordability is immune to government attempts to lower prices.
The impact of tearing up NAFTA as Donald Trump threatened would put Canadian jobs in jeopardy, yet a recent poll says a majority of Canadians don't think so. The numbers are compelling, access to 360 million US citizens, 131 million Mexicans in exchange for access to 35 million Canadians!
With all the talk of making homes affordable, municipalities are a major obstruction with their huge fees and regulations that slow up approvals expensively. According to a Fraser Institute study released last week.....
The real estate industry in BC. and elsewhere in Canada is under assault as Politicians implement taxes and regulations attempting to increase affordability. Measures that are ill designed to meet the challenge.
Donald Trumps tax plan could shift the economic landscape in Canada in a huge way. If he gets his plan through, the game will be changed for capital investment. It will be an earthquake, a time for all Canadians to rethink the wisdom of proposing new or increased Business taxes.