Commentary
Prime Minister Mark Carney says his plan to end Canada’s interminable housing crisis is to “Build Baby Build.” We can hope.
Unfortunately, Carney’s current plan is little more than a collection of unproven proposals and old policy mistakes including modular homes, boutique tax breaks, billions of taxpayer dollars in loans or subsidies, and a new federal building authority.
The enormity of the task demands much broader thinking. Rather than simply encouraging a stacked townhouse here and a condo there, Canada needs to remember what has worked in the past—and take note of what other countries are doing today. With this in mind, Carney should embrace New Towns….