Liberals are socially progressive, but fiscally still quite conservative (but not as conservative as Conservatives).

Edit: Actually, I would say that Liberals are status quo conservative and Conservatives are regressive conservatives.

I general, I’d agree with that. On housing specifically, I wouldn’t.

Until recently, I would say Liberals were actively hurting housing affordability. Their signature housing proposal up to now is a tax cut for rich people who have maxed out their TFSA, which is the first time home buyers tax free savings account. That raises demand without addressing supply or disincentivizing investors. It sounds like a proposal written by the real estate investment community, and frankly, it probably was.

This recent proposal is full of good but minor stuff that should have been done a decade ago and will probably take another decade to have an effect. They’ve wasted a lot of time and I still doubt they’re taking it seriously.

Edit: I want to clarify that I think Conservatives would do an even worse job. Their voter base has even more home owners than the Liberals do and I seriously doubt they have any intention of shrinking real estate GDP growth, which is what is required.

That one is caused by zoning.

If I can make a low-rise building and sell 12 units for $250k on the same property that I can build two detached houses to sell for a $million, I'll do the former, right?

But city hall is going to make me drag out the approval process for the low-rise for 3 years and grind me down to 6 units. I'll just save the ball-ache and build the mcmansions.