Housing Minister Wants to Make New Homes Affordable Without Current Homes Losing Value. Is That Possible?

News Analysis
A day after taking office, Canada’s new Housing Minister Gregor Robertson faced scrutiny for suggesting the solution to Canada’s housing crisis is not to bring prices down but to build more affordable housing.
“Do you think home prices need to go down?” a reporter asked Robertson on May 14, before the new minister headed to his first cabinet meeting.
“No,” Robertson said. “I think that we need to deliver more supply, make sure the market is stable—it’s a huge part of our economy.”
He added that the federal government hasn’t built affordable housing in decades, contributing to a “huge shortage” across Canada….