
The bias in this is just revolting. I get that it’s “opinion”, but they’ve made no attempt at having a terribly balanced one.
Canada’s housing sector has been following the Fraser Institute’s advice for decades now, and the result has been exactly as many predicted. Carney’s right: it’s time for the state to get back into building because the private sector has failed to do the job.
Unfortunately, this reads more like a financial instrument rather than what I would argue Canada needs: a housing agency that actually builds the houses rather than simply funds and directs construction. Regardless, in the wreckage that free market capitalism has wrought on housing, this is the sort of thing that takes a lot of time and money get up to speed. You needs skilled labour, industry connections, reputation, and experience building in various climates, and you just can’t create that out of the blue. I’m pleased to hear that they’re moving in the right direction.
I’m not asking them to parrot talking points, but ignoring reality doesn’t do anyone any favours. It’s like writing from a perspective that the world is flat and talking like only fools would think that a spherical planet worldview is rational. Their perspective is demonstrably flawed, but rather than approaching the issue on the facts, they’ve just blasted this project from a ideological perspective. It’s a bad article and the Globe & Mail should feel bad about publishing it.