Canada Housing Crisis Supply Shortage vs. Cost Debate
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In a recent interview, Canada's new Housing Minister emphasized that the root cause of the country's real estate crisis is insufficient housing supply, not escalating costs. Minister Sean Fraser highlighted that while affordability issues are significant, the primary challenge lies in the lack of available homes to meet the growing demand. He pointed out that the federal government's initiatives, such as the Housing Accelerator Fund, aim to address this supply gap by incentivizing municipalities to implement pro-housing policies and expedite construction processes. Fraser's approach focuses on increasing the housing stock to alleviate pressure on the market.
Read the full article on: CBC
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