The Carney government says it wants housing starts in Canada to double to 500,000 per year within the next several years. At first glance, it’s an odd goal for the government to embrace. More than four-fifths of the existing residential housing stock in Canada consists of “market housing” — units constructed by developers and homebuilders guided by market-based signals. These signals include housing demand and business objectives such as making a profit, keeping the firm’s workers employed, etc.
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