That's the thing.
The uninformed populace think that the fix is in. That everyone is in on the price of housing and they all think that if they were Prime Minister or Premiere of Ontario that they would cut through all the graft and voila, housing costs would be chopped in half. Jesus H Christ, these idiots (and there are so many of them) have no fucking idea what it costs to actually BUILD a house. As someone who has built his own house with his own 2 hands and done a couple of serious renovations over the years, I can fucking assure you that it's eyewateringly expensive to just build the box. And it's hell on earth expensive if you are renovating. Materials, labour, equipment, energy, permits, professional fees, taxes on top of taxes, utilitiy connections, you name it, everyone is there with their hand out. Never mind the price of the land. Yeah, some material prices fluctuate up and down. But most only go up. Labour only goes up. Energy prices only go up. Equipment prices only go up. In all my years, I've never known trade labour prices to go down. Especially union labour prices. The market slows down, guys get laid off. But those still working don't take a cut.
Even if you look at the condo market right now, there have been several failures of condo companies in Tononto. Even the spectacular 1 Bloor West has gone broke and they could not sell the hulk (that isn't even topped off yet.) There are several condo developers who have gone under. Others are no longer building. Why? Becuase they can't even recoup their construction costs. The market can't afford to buy for what Developers need to charge.
People who can't afford to buy a house all think that the government should step in and build housing and give it to them. That kind of thinking is not based on reality. The federal government spends about 12k on every man, woman and child in Canada. I don't know the price to construct a house all over Canada, but I am familiar with the GTA and moreso Toronto. Here, just to build the box, never mind the land, never mind the professional fees, or the permits, or the taxes. No driveway, no landscaping. Just a box built to code, middle of the road finishes (very middle of the road), you can count on $500.00 per square foot (if you're lucky) to build a custom house. (I.e. not a subdivision.) So 2000 ft2 is a million bucks just for the box. 12 grand won't even get you kitchen appliances. And people think that the government should somehow build them a house? On what planet? Even Trudeau, when handed the cost to subsidize housing costs lost his lunch and changed his mind. All the little kiddies think that they should be able to live in the Annex. Well yeah, I'd like to live on Palmerston Boulevard too. But guess what, I don't make Palmerston Boulevard money so I've got my head wrapped around that fact. And just because I don't make Palmerson Boulevard money, doesn't mean that some other guy doesn't.