Canada

Higher housing supply, not lowering home prices, are the solution for Canada’s housing crisis, Canada’s new housing minister said on Wednesday. Gregor Robertson, the former Vancouver mayor who was sworn in as housing minister in Prime Minister Mark Carney’s new cabinet on Tuesday, attended the first meeting of the new cabinet on Wednesday.When asked by reporters if he thinks home prices need to go down, he told reporters: “No, I think that we need to deliver more supply, make sure the market is stable.”Robertson said his work as housing minister will focus on building up supply of affordable housing in…

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