> happened almost exactly at the same time as the fact that rents jumped out of reach for many people.
Bingo. But if you accept this as causation than fault lies in at the feet of an inept government and central bank and not the individuals stressed to the max by a society built to ensure zero social mobility and widening wealth inequality.
I primarily blame municipal governments for the housing crisis, with a secondary finger pointed at the provincial governments that have the constitutional power to override bad municipal decisions.
This is the fruit of NIMBYism, same as in California.
No mention of the federal government adding a million people last year? Even if the provincial governments eliminated all zoning rules, there just is not enough building capacity to keep up with that reckless immigration rate.
Bingo. But if you accept this as causation than fault lies in at the feet of an inept government and central bank and not the individuals stressed to the max by a society built to ensure zero social mobility and widening wealth inequality.