Canada Frees Up Public Lands to Tackle Housing Shortage
ca.finance.yahoo.com
(Bloomberg) -- Prime Minister Justin Trudeau’s government identified 56 federal properties, representing the size of about 2,000 hockey rinks, where hundreds of new affordable homes could be built to counter the scarcity of available land worsening a housing shortage.Most Read from BloombergSydney Central Train Station Is Now an Architectural DestinationNazi Bunker’s Leafy Makeover Turns Ugly Past Into Urban EyecatcherChicago Overcomes DNC Skeptics With Calm, Parties and SunHow the Cortiços of S
  • Sundial@lemm.ee
    0·
    3 months ago

    representing the size of about 2,000 hockey rinks

    HAH, love the Canadian version of America’s “measuring in terms of football fields”.

    The article doesn’t say where they are grabbing the land from? Federal parks? Also, it’s going to be years before we see any kind of effect from this decision. Assuming the conservatives don’t just rip this up the second they get into government.

    • Voroxpete@sh.itjust.works
      0·
      3 months ago

      The Conservatives will expand on this. They love the idea of selling off public land to their developer friends. This is one of the many areas where they actually agree with the Liberals (when they’re not just being intentionally obstructionist).

      The problem is that it won’t do any good. We have the space. What we need is better zoning, and for the available supply of housing to not all immediately end up in the hands of “investors”.

      So long as housing is an investment, there must, by necessity, be a housing crisis. Without scarcity, the investments will not appreciate in value. In other words, without scarcity, they’re not investments.