[the-chitmonger]

Speaking as US citizen, what policies/legislation could Trudeau have reasonably enacted to alleviate the housing/job market? It's been pretty rough stateside as far as real estate goes, but it doesn't seem like a solution will materialize (that is to say, there's no solution that avoids hurting the wallets of the people in charge).

[red-iron-pine]

* limit immigration * limit foreign ownership of property; Canada is the best place to launder money in the world -- just buy Vancouver or Toronto real estate * direct investment in sectors of the economy that aren't oil & gas; e.g. not buying a huge pipeline * incentives to change zoning * changes to national laws around things like banking regulations and mortgages -- 30 year fixed rate mortgages like in the US aren't a thing in the CAN * initiatives to lesson other heavy impacts like higher cost of food, fuel, etc. some of these, like the Liberal's Daycare Subsidy were a good start

[usixk]

I'm no economist by any means but most armchair experts I interact tend to believe that this drive in pricing comes from low yield government spending, increased immigration and of course lower rate of residences being built.

IMO, altering immigration levels would have the most tangible affect on the housing and jobs (unsure about the US). I'm not bullish on the idea that we can build residences quickly and the government spending is hard to control with poor financial auditing among the current administration.