this post was submitted on 14 May 2025
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No party wants prices to fall because the economy is so built around ever-increasing prices that if prices do fall then the economy falls with it.
Whataboutism eh.
"Maybe the cons would have been equally bad!"
It's not whataboutism to point out that the Canadian economy is way too reliant on house prices continually going up. It's a huge chunk of GDP and would instantly mean a technical recession if prices went down (even when ignoring the domino effect the panic would cause, deepening the downturn).
The country is trapped and no one wants to risk their political career by springing that trap, even if it's healthier in the long run.
Sure though the Cons said they would do it, and they would grow GDP via pipelines and deregulation. Pierre explicitly ran on lower home values.
that's not whataboutism it's a better description of the situation than you could manage