The Bank of Canada is expected to raise interest rates again this week as forecasters say the economy has not softened enough for the central bank to back off.
also like making money off real estates(both on government levels and personal)
get donations to do nothing or have loop holes in vacancy tax
if you have policy that wreck the housing price, you lose votes, simple as that.
run some though experiment and you would realize that it’s not something government really want to do something obvious to cool the market. Too unaffordable it cause problem to mid/lower income levels, market crash due to policy change affects mid to semi high income levels(or who manage to borrow above their nose level) and will have cascade effects to everything else. Everything they did would need to please as much people(that can vote and will vote) as they could while looks like they are doing something.
Because they
run some though experiment and you would realize that it’s not something government really want to do something obvious to cool the market. Too unaffordable it cause problem to mid/lower income levels, market crash due to policy change affects mid to semi high income levels(or who manage to borrow above their nose level) and will have cascade effects to everything else. Everything they did would need to please as much people(that can vote and will vote) as they could while looks like they are doing something.