If you’re hoping to see a housing market crash while Justin Trudeau is in power, he’s just basically told voters that he’ll borrow money to save the housing market from crashing if necessary.
Which is another way of saying housing and therefore RENTAL prices are not coming down under Justin Trudeau. You have to also remember that any new housing being built will be priced to the value of existing homes, condos or apartment buildings in that area. It’s unlikely for example for you to see a $500,000 condo and a $180,000 condo on the same street. So you’re not going to see a $3000 per month 2 bedroom, and a $1200 two bedroom on the same street.
If the government forced developers to sell their properties at a discount, the end result would be fewer developers willing to build housing. Justin Trudeau grew up with a trust fund, he’s basically what you’d expect from a spoiled child turned adult. Some people say age brings, wisdom, I argue not always, age sometimes reinforces a persons childish ignorance.
By Justin Trudeau making this statement he’s basically abandoned the poor and middle class.