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The federal government used to build social housing. Then it stopped. How is that going? (www.cbc.ca)
submitted 2 years ago by to c/canada@lemmy.ca
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[–] 1 point 2 years ago (1 child)

The 90s followed the extremely high interest rates, which were why housing was flat. People couldn't easily buy in, so demand was reduced.

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  • [–] 4 points 2 years ago

    But that just further corroborates the point: when housing was at its most affordable it was not considered a good investment.

    It’s also important to note that housing remained flat even when interest rates went down, partially because of a healthy stock of non-market and market housing.

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