Betting the farm on the private-sector to solve the housing crisis is never going to work - and that's the approach we've tried (and failed) to take
Here's the bitter reality. The houses we're building are large, detached, single family homes. Our municipalities are subsidizing sprawl by banning dense housing and waiving development charges on new suburbs - even though suburban homes are more expensive to serve with utilities, public transit, policing, and healthcare. That's where the public money is going - not to more homes, but subsidizing suburban living. Provincial governments have been unanimously onboard with this scheme, and Ontario's provincial government has just engaged in a nakedly corrupt scheme to enrich developers with over 8 billion dollars worth of Greenbelt land swaps. The federal government has defunded public housing projects for the past 30 years.
Simply saying "we don't have enough builders" ignores the decades of policy failure, and is an easy way to throw in the towel. But the fact is, we can allocate our existing resources better.
Public housing projects have been systemically defunded since the 90s...