LETTER: Federal budget could undermine need for more housing supply

Dear editor:

Regarding the 2019 federal budget, unveiled Tuesday.

article continues below

British Columbia aims to control demand for housing while building supply to stabilize excessive prices and housing shortage crisis.

But Wednesday morning commentary on CBC radio mentioned that the federal budget does the opposite with the new interest-free loan to young adults to purchase a first home, which will drive housing demand up and home prices even higher [through real-estate bidding wars].

What is needed is more housing supply in Vancouver and Toronto.

Merrilee Miller
North Vancouver

What are your thoughts? Send us a letter via email by clicking here or post a comment below.

 

Read Related Topics

Comments

NOTE: To post a comment you must have an account with at least one of the following services: Disqus, Facebook, Twitter, Google+ You may then login using your account credentials for that service. If you do not already have an account you may register a new profile with Disqus by first clicking the "Post as" button and then the link: "Don't have one? Register a new profile".

The North Shore News welcomes your opinions and comments. We do not allow personal attacks, offensive language or unsubstantiated allegations. We reserve the right to edit comments for length, style, legality and taste and reproduce them in print, electronic or otherwise. For further information, please contact the editor or publisher, or see our Terms and Conditions.

comments powered by Disqus

Popular News

Community Events Calendar