September 2, 2024
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Laura Dhillon Kane - Bloomberg
Canada’s housing minister says the government’s efforts to ramp up homebuilding may help bring prices down in some markets, even though that’s not the objective.
Sean Fraser said the government’s intention is to improve affordability over time, as workers’ wages rise and it implements its strategy to create more townhouses, fourplexes and apartments.
“It’s not my goal to bring down housing prices. My goal is to build more supply at prices that people can afford,” he said in an interview.