LETTER: Federal budget could undermine need for more housing supply

Dear editor:

Regarding the 2019 federal budget, unveiled Tuesday.

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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

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