Canada is in a housing crisis. With housing starts slumping nationwide, and the federal government’s housing goals looking increasingly out of reach, bold policy action is needed to correct course and get Canada’s housing market under control.

In recent weeks, the Carney government has partnered with the government of Ontario on two important initiatives that could make a meaningful difference in getting things heading in the right direction. The first major announcement came in the form of sales tax relief. Currently, governments charge sales taxes on newly built homes, a major disincentive for potential homebuyers to buy new builds.

JAY GOLDBERG: Carney’s new housing policies must not remain Ontario-specific Back to video

Last fall, the federal government announced plans to rebate the federal sales tax on newly built homes for first-time homebuyers. While this was an important first step, most buyers aren’t buying their first home, and they were excluded from the government’s rebate.

Recognizing this policy did not go far enough, the federal government, along with the........

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