The CMHC used to directly fund public housing and coops and just…stopped.
This was in the 1980s, and we were told that private lenders and mortgage assistance and P3 developments would be oh so much better. Well, all that did was transfer what little funds the CMHC did have into private hands while not really building much housing, and building functionall zero low-income housing at all.
Coincidentally, housing started to get out of control at about the same time all this happens. How fucking shocking.
People love to point fingers and say this is all trudeaus fault but the truth is the housing crisis has been decades in the making. Could Trudeau have done more to slow and reverse the trends? Probably but it is still a problem decades in the making with inaction from several leaders.
The CMHC used to directly fund public housing and coops and just…stopped.
This was in the 1980s, and we were told that private lenders and mortgage assistance and P3 developments would be oh so much better. Well, all that did was transfer what little funds the CMHC did have into private hands while not really building much housing, and building functionall zero low-income housing at all.
Coincidentally, housing started to get out of control at about the same time all this happens. How fucking shocking.
People love to point fingers and say this is all trudeaus fault but the truth is the housing crisis has been decades in the making. Could Trudeau have done more to slow and reverse the trends? Probably but it is still a problem decades in the making with inaction from several leaders.