Housing strategy should target real estate’s investor allure

Metro News interviewed Penny Gurstein, director of UBC’s school of community and regional planning, about Canada’s national housing strategy.

Gurstein believes the housing unaffordability issue in many Canadian cities requires the involvement of the federal government. She referenced federal incentives and tax credits that were available until the 1980s in order to stimulate new rental construction.

“There has to be some way of the federal government inducing rental housing, and that was done before,” Gurstein said. “Now what we need are new, improved mechanisms to do that.”