The new federal budget makes it clear that Prime Minister Mark Carney is unprepared to tackle the national housing crisis. His proposed measures are half-hearted at best and fail to adequately address the overregulation throttling construction of new supply.

Canada has chronically built too little housing to meet burgeoning demand, which, according to the Canada Mortgage and Housing Corporation (CMHC), has led to a national shortage of approximately 2.6 million units . This is the primary reason why the inflation-adjusted price of an average Canadian home has doubled since the early 2000s — there are simply too many people bidding on scarce inventory.

This problem could be resolved by both decreasing demand — which functionally means slashing immigration — and significantly boost

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