Regardless of interest rates or a possible recession people still need a place to live and Canada has a housing shortage we are not keeping up with our population growth. we need to build 400,000 housing units a year primarily in BC & Ontario just to keep up with demand. We also have a skilled labour shortage to deal with too.
All these proposals and more will get built, maybe many will retool and switch from condos to rentals or they will be downgraded and cheapened but they will get built they have too or we will have a crisis on our hands.
The federal government has a target they know they need to hit so look for them to work with provincial governments to cut red tape, create incentives and train skilled people to build.
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Living in and loving Hamilton since Jan. 2014!
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