Built-in Barriers — Incentives alone won’t solve Canada’s housing crisis
As prospective Canadian homebuyers and renters struggle to gain a foothold in one of the least-affordable housing markets in the developed world, housing affordability has become one of the top concerns across the country. Canada’s housing crisis is largely a function of burdensome municipal rules that constrain supply and inflate prices. Meanwhile, misaligned incentives constrain local officials’ willingness to make...