this post was submitted on 31 Mar 2025
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The fact that they're creating a crown corporation to build homes on public and private land is huge. This includes prefab and modular homes too. They're even committing to using Canadian lumber.
We cannot contunue to rely on capitulating to and deregulating private developers and expecting them to act in any way other than own self-interest. They have no incentive to bring down the cost of homes. It is now crystal clear that the neo-liberal solution does not work.
A crown corporation that exists to create housing rather than maximize shareholder value is a massive step in the right direction. Frankly, I'm surprised Carney is doing this but happy about it all the same.
I expect Carney to get pushback from Doug Ford who is firmly in the pocket of private real estate investors.