Mark Kenney told BNN Bloomberg on Tuesday that government plans to increase immigration, while welcomed, were not accompanied with significant investment to improve housing supply, while other taxes and fees have also stymied growth.
“There's a whole myriad of headwinds here that we have to get through, but it takes bold action, all three levels of government, not just sympathy and understanding,” he said.
“It's the not in my backyard mentality,” he said. “People don't want development. They want to vote for immigration, but they don't actually want development in their backyard and the provinces who have the least influence on those two factors are left to solve the problem.”
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