Carney lays out his plan to build a lot more affordable housing in Canada

If Carney actually gave a fuck about affordable housing, he would build multi bedroom apartments through a crown corporation, not the Vaughan Canadesi and then pay for it all through amortization on a co-op model. Co-ops work.

But this would threaten one of the world's largest Ponzi schemes, now capturing 80% of all the wealth in this country.

Politicians keep saying "affordable housing" then have zero scruples about selling a large portion of whatever housing they make, at bargain basement prices, to landlords.

I've seen this play before.

How about this, if any one person owns more than two "single family" dwellings, their property tax on the third property is 1000% increased... And add a zero for every additional property.

It won't fix the problem, but it will sure as shit make it harder for a handful of people to own a nontrivial percentage of the residences in a city.

ok, but that will break the Ponzi scheme and crash the CDN economy.
I wish I can upvote this a 1000 times
It should be city landlords. My grandparents had a Council house in the UK for decades, it was cheap and maintenance was performed by the city.
- I agree with you that subsidised housing should be owned/managed/maintained by the government, since it is supposed to be composed "of the people, by the people".
  I would worry that many slumlords would take issue with the government undercutting their business model, and conservative voters would rally around the idea that they "don't want their tax dollars" paying for someone else's housing. So getting the legislation in place to get this going may be difficult.
  In addition, I suspect some conservative "leader" would come along and sell off the entire subsidized housing/management government system to the private sector, framing the whole thing as a "drain" on "the system" (meanwhile, public funds would likely benefit from the program, rather than the other way around). That way they can sell off property en masse to their real estate mogul buddies so they can hike rent and turn a profit (which would likely end up coming from public funds so that the housing can remain subsidized), achieving the opposite of what they said the change would accomplish....
  I've been watching this circus long enough to be cynical about what the outcomes will be, both short term and long term.
  And this is why we can't have nice things.
I agree. It is really hard to justify why a person might need 3 or more homes.
- I know a lot of people have summer cabins and whatnot, so I wouldn't want to really crank up the costs until you have 3+.
  I figure anyone rich enough for three homes for themselves can afford the extra costs, and anyone looking to buy a home as an income property will get fuckered.
  At least, that's the idea.
  If someone wants to buy one home for themselves and one to rent out, that's acceptable losses IMO. It at least limits how many homes are going to become rentals.
  But I'm being silly. I'm addressing the underlying issue of people buying up all the affordable housing so they can rent it out at a premium... That's not what the government wants to do. They want to give money to their construction contractor buddies, who can give a small discount to their property management buddies who will buy up all the homes and rent them out.
  Everyone wins in this situation.... You know, except the poors.
  But who cares about the Poor's. They only pay for everything through taxes because the rich can afford to dodge all the taxes they would otherwise have to pay, and we have no wealth tax, so they're getting away Scot free, and the rest of the population is left footing the bill.

It's gonna be more shitty bungalow sprawl, isn't it?

“All of that money doesn't go to the government agency,” Carney said. “It goes to private developers who are going to be building this out. So for those listening: If you're a developer on housing, this is going to be a great time."

So just more shoveling public money into big business, great. They're not even trying to be subtle about it anymore.

“Hey Carney, what if I’m trying to afford a house?”
“Who are you?”
- Liberal supporters who volunteered and donated in shambles.
Carney is a believer in trickle down economics and the ongoing lie that private industry is fundamentally more efficient.
Oh boy, more luxury condos for Carney's buddies at Blackrock to scoop up and sit on.
It's trickle down housing affordability... I'm sure it'll work this time!
Kidding aside though, I'm personally a bit curious to see how it works out -- I'm cautiously optimistic simply because it is, ultimately, a different sounding approach than anything I've seen in my few decades of voting. Personally, I'd love the idea of getting a customised eco-friendly sustainability oriented pre-fab home that I could plop down on some land somewhere for a reasonable price -- I'd likely trade in my vancouver condo for it if I could at this point.
Like even the idea of having the opportunity to have a say in the design of your home, would be a huge improvement to the current setup for home owners, especially those in Strata. Like older buildings are often a bit more affordable upfront, with higher maintenance costs due to the age. They're also often way behind in terms of general amenities (shared laundry is still a thing, in a $600k+ vancouver condo building!), and security/climate preparedness features (lobby cams/key fobs, earthquake resilience, fire resistance, AC, Heat pump options, solar panel options, floor drainage in bathrooms, etc). If people had an affordable way to get decent sized 'new' units with modern amenities, it'd likely go a long way to improving the overall quality of life of many Canadians.... so even if I'm skeptical Carney'll get us there, I'm still going to be cautiously optimistic as he seems to be aiming in that direction, even if his approach is a bit heavy in leaning on the private sector to fill this gap
- Ive seen similar stuff for sale in ontario and i think they're shipping them in from an eastern province. They aren't all eco-friendly but you can often ask for specific things like better glass or installation of a heat pump. They're often 800-1200 sq ft and can be trailered to a lot. They are often for sale in more rural cottage/hunt camp type areas.
  Maybe a better overall plan would be investing in companies that want to build simar stuff locally in each province. Try to provide local producers to make lots of em and encourage municipalities to be open to backyard suites and more lot splitting to plop them down faster.

Carney has made me, well, not optimistic but certainly less gloomy about my chances of buying a proper home.

Which is better than I've felt about it in almost 2 decades or so.

Let me say this, as an "elder" millennial. This isn't the first time government puppets have touted some plan for affordable housing.
You know what I've seen throughout all of those adorable housing plans? Prices going up, property sizes shrinking, materials becoming cheaper and less durable, houses becoming less unique.
So you "get to" buy a smaller home, that looks like every other home, that was built poorly and will need repairs sooner, and for all of this, you get to pay more for the "privilege".
I hope I'm wrong, but I've heard this song before.
The only way you will ever get an affordable home is when someone you know, who owns a home, dies, and leaves it to you in their will.
If that happens to anyone, my advice: take it, keep it, fix it, and never leave it. You'll only fuck yourself over if you do. I don't care how much the house is "worth" on the market. Never sell. It's literally the only way you'll own a home outright, without killing yourself with working overtime to afford it.
- Hey fellow oldie!
  I feel, the song is similar but much louder and more coherent this time. Harper really had nothing besides some mucking about at the margins, Trudeau tried a bit but like a lot of things he tried, didn't get all that much done. This one at least feels like a fairly coherent, federal through to municipal approach on the government side, with a bunch of private sector ideas.
  That being said, I think the key is what you mean by affordable. I am hopeful they can lay the foundations to get housing back to something like just pre-pandemic (and hopefully just keep going!), which still wasn't great for many people. I'm lucky enough that I think I'd be okay to buy something I want in that scenario.
  But overall, yeah I think housing standards are just going to be different for us than our parents and similarly, between us and the youngings coming up now. I live in Vancouver, it's almost doubled in size since 1990! The single detached houses a 10 minute bike ride from downtown that a middle class couple could easily afford? Probably not happening again.
I don't mean to rain on your parade, but it ain't happening.
Housing prices will not drop relative to incomes from this plan. At best it's going to keep that ratio level, but if you can't afford one now that won't help.
- I'm curious, what makes you so confident in that prediction?
  I'm not saying I'm confident it will happen, but it seems like a reasonably coherent and significant push at the problem. They're investing in more tradespeople, being a guarantor for new technologies and approaches and attacking it from every possible regulatory angle, I don't really have much to fault with it.
  (Admittedly, I could live with 2019 "affordability" which isn't true of everyone maybe even most.)

I'm cautiously optimistic, I'm glad to see ample ambition from the feds to get involved.

My main concern is we have no clear picture of what the government's idea of "affordability" they are aiming for.

This article from Sept 14th has more details: https://www.torontotoday.ca/national-news/build-canada-homes-aims-to-build-4000-housing-units-on-federal-land-carney-11210234

I have a lot to brush up on, but I’m looking forward to the push for mass timber projects.