Half a loaf.
(Chrome has a problem interpreting some of the links in this post. They work properly in Firefox.)

PM Mark Carney is obviously aware that finance capital, having driven housing prices beyond Canadians' ability to pay, is abandoning building housing for greener speculative pastures.

So he made a major announcement in March, 2025 that he plans to spend public money building housing.

The unspoken part of Mr. Carney's plan is that rather than to manage the housing built as a public utility, what is built will be sold off, like Margaret Thatcher sold off council housing in the 1980s and Harvard sharpies sold off Russian state-owned enterprises after 1991.

Lucky buyers will make out like bandits as the housing bubble is reinitialized to be inflated again, and future generations will wind up paying 60% of their income on housing as increasingly is the case today.

Meanwhile, Mr. Carney's FIRE sector friends will get to continue using housing to suck into their private hoards hundreds of billions of dollars that could otherwise be invested in productive economic activity or used to fund essential public services.