Tens of thousands of Canadians were “Alberta bound” as they searched for a more affordable place to live amongst higher interest rates and home prices.
Tens of thousands of Canadians were “Alberta bound” as they searched for a more affordable place to live amongst higher interest rates and home prices.
Funny, because as someone who builds houses for a living, this year has been really slow and pathetic at getting work building new houses. A bunch of places just announced cancelling bigger projects, due to costs from interest rates. We need way more houses, and we’re slowing down building. It’s insane.
This is also happening at the national level as well. As far as I’m concerned the writing is on the wall. Time for the Feds to get more active in non-market housing like they used to.
There has been some rumblings that make it sound like they are gearing up to get involved. The new housing minister recently said the feds never should have left the building game in the 80/90s. Singh has made some recent contents as well that echo that statement.
Between that and what’s been going on in my province, it sounds like the higher levels are finally starting to understand that the municipalities and private builders can’t do it by themselves. It sounds like more info will be released in the fall so I guess we’ll have to wait and see.