[fnetisma]

If you talk to anyone here in Canada there is bipartisanship. Real Estate owners and non-owners both agree housing prices to be a huge issue around Canada right now, but the former would never budge on reducing the prices as a means to a solution. They have too much invested too late. Non-owners on the other hand want price corrections to take place, but systemic issues such as a rising population due to immigration [1] and increasing construction costs [2] are causing upward pressure.

[1] https://www.cbc.ca/amp/1.6938242

[2] https://thoughtleadership.rbc.com/proof-point-soaring-constr....

[MichaelZuo]

There is no 'bipartisanship' on this issue as all major parties strongly support at least some mixture of policies that are known to increase housing prices.

Whether that's protecting farmland/parks/forests/etc., increasing immigration, increasing building standards, etc...

In fact, I don't think it's viable for any party to drop support for even two of those. e.g. I doubt there's much of a voting base for someone who's both hard on immigration and relaxed on environment issues to allow for huge housing developments on protected lands.

[fnetisma]

Sorry, I wasn’t clear enough, I don’t mean bipartisanship in the political sense. I mean bipartisanship between two groups of people namely real estate owners and people who don’t own real estate. At a general level, sellers want high prices and buyers want lower prices, but the level at which the prices are right now is simply way too high if compared with income per capita to be justified for a home purchase, and correction to “USA levels” assuming that’s the baseline is also not justifiable as home equity is a huge chunk of everyone’s wealth